RaynLim

GBPUSD-Weekly Market Analysis-Sep21,Wk1

FX:GBPUSD   British Pound / U.S. Dollar
It's sad to miss 130pips worth of profits which translate to $1,300USD/lot trade on the Bullish Bat Pattern I've shared on last Monday, which some of you have received that information even the day before the market open.

Well, I don't want you to jump into all the trade ideas I've shared but rather to read them, analyse them and make your own judgement call. There is an emerging bearish crab pattern on the GBPUSD 4-hourly chart as we are speaking.

On the 1hourly chart, the flag pattern doesn't hold as nicely as its distant relative, EURUSD . I've included its chart within the tradingview link of this post to save you time in searching for it.

From the flag pattern , GBPUSD has transformed into a nightmare of many proficient traders, the sideway increase volatility . And because they have experience in the market, most of them is going to let this set-up slide, because 9/10 times the market isn't going to respect the trendline, sometimes it went beyond it sometimes it doesn't even touch it and its reverses.
From this you can imagine how frustrating it can be.

Not for me. I will observe how the market move and should this be the 1 time that it works, it can bring a fantastic Reward:Risk.
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