GBPAUD Continue it's bullish move as it moves out of the triangle.
The distance traveled by each subsequent wave reduces in length.
This has the effect of contracting the range of the wave, hence the name!
A low risk trade can be placed at the end of wave 'e' with the idea of catching the market as it turns back into the trend.
The distance traveled by each subsequent wave reduces in length.
This has the effect of contracting the range of the wave, hence the name!
A low risk trade can be placed at the end of wave 'e' with the idea of catching the market as it turns back into the trend.
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