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ard3413
Aug 2, 2015 3:16 PM

3 scenarios for GBPUSD on daily timeframe 

British Pound/U.S. DollarFXCM

Description

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.
Comments
RiccardoBartolini
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
ard3413
yes i saw it, there is a triangle on 4hr chart.
Pip-thief
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
ard3413
maybe..; and some fundamentalists expect upside move.
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