GBPUSD: awaiting a reversal candle pattern to short Short

British Pound/U.S. DollarFXCM

Description

⋅ Jun 3, 2020 9:00 AM

GBPUSD: awaiting a reversal candle pattern to short, this could be a very profitable trade if the reversal candle pattern appeared.

TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.

THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!

Chart Patterns Beyond Technical Analysis

Comments

Jegede

⋅ Jun 3, 2020 10:51 AM

What will reversal candle look like?

JasonSong

⋅ Jun 3, 2020 2:15 PM

@Jegede, An engulf would be fine, or evening star is even better.

Jegede

⋅ Jun 3, 2020 9:28 PM

@JasonSong, thanks. I can call you my boss, right? Lol

UnknownUnicorn3713207

⋅ Jun 3, 2020 9:24 AM

@JasonSong

Thanks for sharing an interesting analysis!
Nonetheless, it appear to us that GBPUSD has just started a strong bullish move (see embedded chart).
#MarketHumblesMe
#TradeSafe

You may also see other charts for long term predictive outlook.
Comments are welcome.