RaynLim

GBPUSD-Weekly Market Analysis-Aug19,Wk4

Short
FX:GBPUSD   British Pound / U.S. Dollar
On the 4-hourly chart(right), the market has retraced back into the sell zone for a trend trading opportunity.

On the 1-hourly chart(left), just right before the market head to the sell zone the bullish flag patterned was identified as a counter-trend trading opportunity and I had shared on the previous post, is a pity if you have missed the trading idea.

I've already engaged this trade as the bearish bat form and triggered the opportunity to trade.

No double when the prices went higher after the trade was triggered definitely not my liking, but if you have spotted the RSI Divergence or you know the profitability rate of the bat pattern , it will be a peace of mind.
Have you tried trading, but you still can't get a consistent result? Join us on our Webinar on Friday, 17May21 8pm-9.30pm(+8GMT)
Information can be found here -
https://forex100.ac-page.com/webinar-mastering-trading-zone-to-be-a-successful-trader

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out