GBPUSD-Weekly Market Analysis-Aug19,Wk3

10 thg 8, 2019

A long waited for counter-trend trading opportunity appears as Bullish Shark pattern. So what? I shouted on the chart. ;P Lots of warning sign shows up and halt my decision to set a pending order - Buy Limit for this trade. Now, having the candle break and close below the previous low, officially place this trade to an end.

On the 4-hourly chart(left), a trend trading opportunity setup, I will be waiting for the market to retrace back into the sell zone and most likely to spot a harmonic pattern on the smaller timeframe, 1-hourly chart.