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RingerFX
Jan 31, 2020 7:12 AM

GBPUSD Long Setup - One for the Elliot Wave Fans! 

British Pound/U.S. DollarFXCM

Description

We have a nice setup here. A well respected trend line sits underneath price and makes up the bottom of a bullish triangle. There have been recent impulse moves that trade in a channel and break up after so expecting the same here.

Elliot Wave fans will like the Elliot Wave Triangle, let's see if it fits perfectly and breaks out on move F.

Beware of Brexit Day volatility!
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