GBPUSD Elliot Triangle play
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
Placing a short with TP at 1.618 extended fib but slightly higher, targeting round number of 1.330
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.