Pound is ready to exit the triangle

The Briton continues to haggle in a tapering triangle. At the moment, the potential of this figure is almost exhausted, so we should expect implementation in the near future.

GBPUSD D1 Figure

It is safe to say that the output will have a three-wave structure. On a four-hour chart, this will be best seen. At the moment, the way out of the triangle to the top looks more likely. Please note that the previous touches of the upper border of the triangle were accompanied by sharp rebounds, and now the price has fixed on this border. In this case, the growth scenario will be confirmed in the case of rewriting the previous maximum:

GBPUSD H4

The same moment can serve as an excellent entry point.

However, the price still has a chance to fall to the lower border, because the lever down also exists.

GBPUSD H4

In this case, when rewriting the minimum, it is better to open a sale, but the potential of this transaction will be significantly less.

For more information and entry points for today, see the video review.

Aslanov Timur, Atimex Consulting Agency

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