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harshjapee

GBPUSD Triangle Count Intact - Potential wave e terminates?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
harshjapee  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Technical Analysis GBPUSD
4
0
trendanalysis chartpattern waveanalysis technicalanalysis gbpusd
The GBPUSD triangle count looks to be intact till prices stay below 1.3460/70 levels going forward. Looks like wave e, just got terminated around 1.3425 levels. If the count is correct we should see prices breaking below the triangle support line quick enough. On the flip side a test of 1.3460 levels would still keep the bearish structure intact. Trading point of view, please remain short, stop above 1.3550 (ideally above 1.3650), target 1.3200/1.3000 and 1.2800 for now.

Good luck!

Harsh
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