Guys lets test my new thought on GBP move:
As you see clearly, Its been moving in the channel, in fact a "Rising Wedge".
Latest move has followed a very nice Gartley Pattern, if you see how precisely it reversed at B's 0.618, C's 0.236 level of leg XA.
Next it will move on to test the 0.786 level @price 0.7230, which is also the lower bound of the channel.
Jia You!
As you see clearly, Its been moving in the channel, in fact a "Rising Wedge".
Latest move has followed a very nice Gartley Pattern, if you see how precisely it reversed at B's 0.618, C's 0.236 level of leg XA.
Next it will move on to test the 0.786 level @price 0.7230, which is also the lower bound of the channel.
Jia You!