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RaynLim
Dec 25, 2023 11:15 AM

Shorting Caution and Planning for Long-Term Opportunities! Long

British Pound/U.S. DollarFXCM

Description

GBPUSD exhibits a stronger bullish trend compared to EURUSD, despite a Weaker Bull Trading setup. I'm eyeing a buying opportunity for a longer-term trade strategy.

However, this doesn't deter me from considering a Bearish Shark Trading setup on the 1-hourly chart as a potential shorter-term play. Simultaneously, I'm patiently awaiting the formation of a Bullish 5-0 Pattern, which could serve as an entry point for a longer-term buying opportunity.

What's your take or strategy on GBPUSD? Share your insights below!
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