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Inside the horizontal triangle!

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.

Inside the horizontal triangle!

Vasiliy Lukin
FreshForex Analyst
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