Current structure indicates we have a triangle pattern in development on daily timeframe.
You have to consider it might be a continuation pattern as last correction before final move down and reversal or B wave in 3 wave correction of higher degree.
I more in favor of upside scenario as pound shows strength across some other major currencies and we have divergence in MACD.
I will keep posting updates as it is very promising trade opportunity with potentially good RRR.
Regards
You have to consider it might be a continuation pattern as last correction before final move down and reversal or B wave in 3 wave correction of higher degree.
I more in favor of upside scenario as pound shows strength across some other major currencies and we have divergence in MACD.
I will keep posting updates as it is very promising trade opportunity with potentially good RRR.
Regards
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Biger degree ABC structure, not a triangle after all.
Trade closed: target reached
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Another fantastic trade
