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.
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.
