RaynLim

GBPUSD-Weekly Market Analysis-Apr21,Wk5

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FX:GBPUSD   英镑/美元
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.
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