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RaynLim
Aug 22, 2021 11:55 AM

GBPUSD-Weekly Market Analysis-Aug21,Wk4 Long

British Pound/U.S. DollarFXCM

Description

The bullish bat pattern form within the demand zone on the daily chart. This setup is good enough for me t engage the counter-trend trade.

However, I must highlight that the B point of this bat pattern didn't hit 50% Fibonacci Retracement and may not be a Bat Pattern to some Harmonic Pattern Traders.

I leave that decision to you.
Comments
Foraquest.
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