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. 💬📊