The British Pound in the triangle


0.36 $ earned


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2 months ago

After a significant rebound, the currency pair is in the triangle-forming phase, which is best seen in the H4 time frame. The analysis of the lower time frames shows that the price of the currency pair may rise further to the price of 1.4181x where the price has already reacted. After that, I would expect a correction of all morning traffic and only then will I consider the specific direction. Breaking the designated line of formation will be a confirmation of further entering the position.

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