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RaynLim
Jan 18, 2020 3:16 AM

GBPUSD-Weekly Market Analysis-Jan20,Wk3 Long

British Pound/U.S. DollarFXCM

Description

On the daily chart and 4-hourly chart, it is a bullish trend. So if you plan for a buying opportunity, yes, you are trend trading.

Having the bullish Gartley(yellow) and bullish Crab(red) that encourage the market to fly and I've took profit.

Right now I'm waiting for a retest at the support within the overlapped blue box zone for a type2 trade.

A break and close above the red box can send the pair to a higher range.
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