So, anyway, first thing that caught my eye on this chart was that big in black. She sets the tone and mood for this pair. She is halfway through completion having broken out at the crossover from 2015 to 2016. The minimum price objective she is giving us is way down at 0.94778. Very interesting if that actually happens. I wonder what will be going on in the world at that time.. Anyway, within our big beautiful , we have a symmetrical triangle, in purple. She and her other triangle cousins are feisty most of the time and can send you going the wrong direction. In this case however, this particular triangle behaved and broke out to the downside as expected and even met her minimum price objective at 1.23544. Now, as she broke out, price decided to give us another pattern. From this chart she looks like an but she doesn't meet the requirements; not to worry though, on a
shorter time frame she looks better, she takes the form of a . All these ladies agree that the GBPUSD pair is long term. In fact it seems we are perfectly positioned to find an entry to go SHORT and ride the pair all the way to 0.94778 BUT, and this is a big BUTT, the market does what it wants! We control nothing but our positions, remember that!
critic, refute, agree!
Mentors not Trolls!