Inside the horizontal triangle! | 13 April 2016
13 April 2016, GBP/USD
This pair has worked out one more interesting wave frame.
The wave-link [x] may take the shape of a horizontal triangle, where in the course of yesterday's growth, the wave d was formed.
Current drop is likely to be caused by the final wave e of [x] of the mentioned correctional model.
Target of decline is the lower part of the horizontal triangle.
Thus, you can try to sell on rebound from this level, close position and open already a position to Buy.
But do not forget about the protective Stop Loss, because the market may suddenly turn in any direction.
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.
