GBPUSD-Weekly Market Analysis-Feb20,Wk4 做空

British Pound/U.S. DollarFXCM

描述

⋅ Feb 23, 2020 9:33 AM

A bearish shark pattern on a sideway trade setup on this timeframe appears once more. The bearish shark's setup completion point was at the resistance at X of its pattern, and the D point for the previous ABCD pattern may contribute to the additional downward pressure if the pattern completes.

MikulovicFOREX

⋅ Feb 23, 2020 9:37 AM

AB=CD pattern looks like a flat abc correction wave on the daily charts aswell. Nice set-up

RaynLim

⋅ Feb 23, 2020 9:52 AM

@MikulovicFOREX, Nice. That's not the way I will be drawing ABCD pattern, check your ratio

MikulovicFOREX

⋅ Feb 23, 2020 10:10 AM

@RaynLim, Its not perfect, the reciprocal of 78.6% would be 1.272, but if you look at it, I think its close enough.

MikulovicFOREX

⋅ Feb 23, 2020 10:18 AM

@MikulovicFOREX, My bad forgot to add the 127.2%