14 Mar EUR GBP Huge Triangle Back Test 15th March 2013
Ok, I admit, I’m jumping at straws here. Just can’t see anything ripe for a trade right now and whilst flicking through the chart list this one stuck out.
Can a triangle back test on this large scale be valid as a technical trade?
Whatever may happen, it does look interesting:
bracke
Posted at 11:44h, 15 MarchRS2000
Surely it is simply testing the upper trendline. If you extend the upper line and draw in a line to touch tthe lows you have a descending wedge.
and then
Posted at 12:06h, 15 MarchYes, scarily, it does have a flag like look about it…. is the £ for the scrap heap?
RS2OOO
Posted at 17:05h, 15 MarchYes, but so is the Euro…. and according to ZH, the rest of the fiat currencies too!!
🙂