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sbaharis

GBPUSD Elliot Triangle play

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
sbaharis  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
On D1, we see price is moving in an expanding pattern, following the ABCDE pattern. on H4 the rising wedge broke, following the same ABCDE pattern.

Placing a short with TP at 1.618 extended fib but slightly higher, targeting round number of 1.330
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