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Triangle continues to develop

Triangle continues to develop | 15 April 2016

15 April 2016, GBP/USD

Nothing unexpected happened about the pair GBP/USD.

For the entire previous day the price had been standing almost on the same place.

In general, our wave pattern retained its parameters and relevance.

We assume that the considered pair had formed a horizontal triangle as the wave-link [x] including sub-wave e.

Thus, since the above-mentioned model looks far from being complete, we expected a soon continued drop based on the considered scenario.

For this reason, I've opened a Sell trade.

Vasiliy Lukin
FreshForex Analyst
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