farid_ardavani

3 scenarios for GBPUSD on daily timeframe

FX:GBPUSD   British Pound/U.S. Dollar
there is a wedge developing on daily timeframe .
here are 3 scenarios that price action can perform.
we will wait which one is going to happen.
Thanks for the chart. Looking at it, you would think that an upside swing is more favourable because there doesn't appear to any substantial resistance levels when you look left at previous structure
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maybe..; and some fundamentalists expect upside move.
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well
there is a smaller ascending triangle in play right now
and if works out could help to reach the up move for a better short price trade
+1 Reply
farid_ardavani RiccardoBartolini
yes i saw it, there is a triangle on 4hr chart.
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