Speaking of busy, it's been an extremely busy year for pattern traders as well. For me, personally, 15 of the 18 trades that I've taken thus far have been pattern formations & that's due to the massive amount of consolidation that we've seen in the markets.
The GBPUSD is one of those pairs that has been consolidating of late & it currently has 3 potential pattern formations setting up. Now the only one that we need to pay attention to now would be the potential at the bottom since the D leg is almost complete. But if it provides us with a response, we would then be in the process of potentially completing the C to D legs of the & Patterns as well.
We'll need to keep an eye on these to make sure none of the requirements are violated but wanted to share these potential opportunities with you.
Your Trading Coach - Akil