As the GBPUSD currency pair continues its descent
As the GBP/USD currency pair continues its descent, traders are closely observing a compelling technical setup that could spell further bearish movement
The chart reveals AB=CD perfect pattern taking shape, signaling potential downward momentum in the pair's trend
This well-defined pattern is a reflection of market sentiment, with the initial bullish move followed by a correction, and now poised for a resumption of bearish sentiment
Traders leveraging the AB=CD pattern often look for precise entry and exit points, increasing the probability of successful trades in a bearish market
The pattern's symmetry and alignment with the current bearish trend provide additional confirmation of its reliability
Patience and discipline are essential when trading patterns like the AB=CD, as they require precise execution and adherence to a well-defined trading plan.
The chart reveals AB=CD perfect pattern taking shape, signaling potential downward momentum in the pair's trend
This well-defined pattern is a reflection of market sentiment, with the initial bullish move followed by a correction, and now poised for a resumption of bearish sentiment
Traders leveraging the AB=CD pattern often look for precise entry and exit points, increasing the probability of successful trades in a bearish market
The pattern's symmetry and alignment with the current bearish trend provide additional confirmation of its reliability
Patience and discipline are essential when trading patterns like the AB=CD, as they require precise execution and adherence to a well-defined trading plan.
Comment:
AS PER OUR TRADE PLAN OUR FIRST TIP HIT TARGET NOW TRAIL STOPLOSS AT BRAKEEVEN POINT