RaynLim

Balancing Bullish Signals And Counter-Trend Strategies

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD showcases a Bearish Bat pattern on the daily chart, signaling a potential shorting opportunity with a likely retest around 1.2691.

Another approach would be to watch for resistance retesting, aiming for a double top with RSI divergence at 1.2606 on the 1-hourly chart.

However, if you're leaning towards a buying opportunity, considering the Weaker Bull trading setup on the weekly chart, the 1-hourly chart reveals a Bullish Butterfly Pattern.

Keep an eye out for a retest around 1.2522 as a potential entry point for a buying opportunity! 🦋💱🐂

What's your game plan for GBPUSD? Share your thoughts or trade strategies in the comments below!

Let's discuss and analyze potential moves in this market. 💬📊

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