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RaynLim

GBPUSD-Weekly Market Analysis-May22,Wk1

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
RaynLim  
FX:GBPUSD   British Pound / U.S. Dollar
AB=CD Harmonic Patterns Candlestick Analysis askforex100 GBPUSD countertrend candlestickpattern rsidivergence
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abcdpattern harmonicpatterns candlestick askforex100 gbpusd countertrend candlestickpattern rsidivergence
If you compare the Daily Chart of both GBPUSD and EURUSD you would find that they have a very different trading setup.

On the GBPUSD, we have an ABCD Pattern as a counter-trend trading setup. Conservative traders could wait for a pullback to recent support at 1.2447 for a buying opportunity.
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