AndyM
Short

A triangle has completed in GBP

FX:GBPUSD   British Pound/U.S. Dollar
265 4 9
We have a triangle completion in GBP, sell, SL above prior high.
Triangles generate very swift thrust, the ending target based on standard triangle measurements is 1.35, but I think we will get a little further than that. I think 1.30 is feasible.
IvanLabrie PRO
7 months ago
The time and price duration of B is larger than A, it can't be a contracting triangle. (at least under neowave rules). Other more 'free' interpretations might differ.
I think it'll go up actually, don't see it thrusting down from here at all.
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AndyM PRO IvanLabrie
7 months ago
Possibly. Quite a sharp rejection though, at end of E. We'll see how it goes.
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IvanLabrie PRO
7 months ago
Check out GBPNZD, GBPAUD, GBPCHF, looks quite impulsive to me.
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yujingr
7 months ago
My analysis aims at 1.35150. I like the trade.
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