Earlier we took whole structure as triangle & we were looking out for d-leg downside & one more push from rising starting of b-leg…where d-leg could have taken support & pushed up again as e-leg to complete triangle & finally down move.
Now, it seems that if GBPUSD breaks 1.4365 & later 1.42979 can continue till firstname.lastname@example.org which will act as strong support.
So, It can form an X-wave if it email@example.com above & move higher to same range 1.4500—1.4515 or if it breaks 1.4005…It can be start of an impulsive down leg which can go deep down & first test 1.38675 low as well giving us best risk reward in coming days.
Abhishek H.Singh, CMT
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ