GBP/USD, Daily A Diagonal is a common 5-wave motive pattern labeled 1-2-3-4-5 that moves with the larger trend. Diagonals move within two contracting channel lines drawn from waves 1 to 3, and from ...
A break above 1.4250 (Key EW swing high/2008 downtrend line) would open up large triangle pattern which targets 1.4500/1.4945 area. The wave 5 started from 1.2660 and appears to be taking longer time ...
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