RaynLim

GBPUSD-Weekly Market Analysis-Mar22,Wk4

Short
FX:GBPUSD   British Pound / U.S. Dollar
Don't feel bad if you have missed the Bearish Shark Pattern movement, especially if you have deliberately avoided it.

I believe you would have regretted if you had long instead of shorting the Shark Pattern because you saw the news that the Bank of England had planned to increase the bank interest rate.

It is important that you know to stay out of news trading, and now you have seen why.

It's indeed a pity that by avoiding the news, we had missed 84pips of market movement. But, I actually feel good about it.

Trading doesn't require us to take unnecessary risks, remember that.

Because we are patient, there is a Bearish Deep Gartley Pattern complete at 1.3206 for us to consider to short the GBPUSD on this setup.

How have you managed the BOE rate released? Comment down below and share it with us.

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