Although a lot of traders are looking to short GBPUSD
, the technical setup doesn't show any signs of weaknesses on this pair. The market has hit Target1 2times on the Bullish Gartley
Pattern(yellow) setup. Will there be a Type3 Gartley
Pattern? Well, I doubt so, it is more likely to have a Bullish Butterfly
Pattern(blue) than a Type3 Garley. I'm waiting for a reversal for a buying opportunity at 1.3801, the additional benefit of trading at the Butterfly Pattern
will attract Price Action Trader to engage to long at 1.3800 and that will bring 2 different groups of trader, trading in 1 single direction.