GBPUSD. Bear Flag

8 พ.ย. 2016

This is the combination of pattern + wave analysis.
Bear flag = consolidation before continuation downside.
Price could test the upside of the channel before a drop.
Target for C = 1.1790 (61.8% of A) or 1.1204 (100% of A)
Flag's target is quite ambitious = 1.1037 (that's why I prefer wave targets to calibrate the goals)