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RaynLim
Nov 12, 2023 1:40 PM

Dive into GBPUSD Trading Insights Long

British Pound/U.S. DollarFXCM

Description

GBPUSD currently exhibits a Weaker Bullish Trend on the weekly chart, introducing interesting dynamics.

On the 1-hourly chart, a bearish shark pattern emerges, presenting a counter-trend trading setup. Simultaneously, the 4-hourly chart showcases a bullish bat pattern within the buy zone.

My preference in this scenario is clear—I favor the bullish bat pattern on the 4-hourly chart.

Now, I'm curious about your preference. What's your take on these setups? Feel free to share your insights below!
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