This is a copy of the 3 hour chart for the GBPUSD.
This is a diagram and some information i was reading up on regarding Triangles and pennants.
Triangles are some of the most well-known chart patterns used in technical analysis. The three types of triangles, which vary in construct and implication, are the [url="http://www.investopedia.com/terms/s/symmetricaltriangle.asp"][color=black]symmetrical...Ignored
DislikedEuro is krank wie ein pappagei as they say in Munich - sick as a parrot
gbp on the cusp of nice pips one way or t'other
Up to my ears in snow, coyotes and bears -so- bagel and coffee time and wait...
Forex from a cabin in the mountains - we ought to have a thread - where is the weirdest place you have traded from...
Presumably, a reawakening of interest in banks is good for GBP ?Ignored
DislikedThere was no signal just closer to the bottom of the range and expecting it should go up from here. Have a tight SL at the bottom of the range 1.6190 with TP at 1.6273 and 1.6315.
Since there is reason to buy except for having the Bullish Outlook on GU and that we are near the bottom of the range I could just say this is just a speculative trade LOL.Ignored
DislikedBe very careful with this indicator...........I can remember a thread which was opened to back test this indicator and....trust me the results were very bad.....
Please take care using this indiIgnored