GBP/USD - BREAK OUT OF ENDING DIAGONAL - NEW LOWS COMING
We can see that the pair has just completed Wave number 4's ABC correction, and has just broke out of the ending diagonal that occurred at Wave C as indicated on the chart.
We can now expect some consolidation occur in the form of a flag, perhaps even retest the bottom of the Ending Diagonal before the price pushes down further.
Implement your own due diligence before executing a trade.
For further details join us at:
www.valuedbusinessconsulting.com/
We can now expect some consolidation occur in the form of a flag, perhaps even retest the bottom of the Ending Diagonal before the price pushes down further.
Implement your own due diligence before executing a trade.
For further details join us at:
www.valuedbusinessconsulting.com/
Comment:
Correction over - ready to come down?
