RaynLim

GBPUSD-Weekly Market Analysis-Jan19,Wk4

Long
FX:GBPUSD   British Pound / U.S. Dollar
On daily chart, GBPUSD has not turned bullish but the 4-hourly chart and 1-hourly chart says otherwise.

There is 2 ABCD pattern within the chart, 1 speaks for the 4-hourly and another the 1-hourly chart.

The cyan box demarks the buy zone on the 1-hourly chart. I will be waiting for buying opportunity, which will set in after I have spotted the confirmation signal.

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