Diagonal triangle should be finished | 05 January 2016
05 January 2016, GBP/USD
We assume that the considered pair is forming diagonal triangle as the wave [c] of (ii).
However, signs of reversal are not observed, for better certainty, in the beginning of the upward movement we should wait when lead-in impulse movement will be formed.
Only after this purchase will be safe, because at the moment the pair is completely at mercy of bears
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
