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RaynLim
Jan 7, 2024 9:31 AM

Potential Short Opportunity on Bearish Patterns Short

British Pound/U.S. DollarFXCM

Description

Despite GBPUSD demonstrating a Weaker Bull Trading setup, my analysis suggests a more bullish outlook compared to EURUSD.

However, I'm currently eyeing a shorting opportunity on a lower timeframe. The emergence of a Bearish Gartley Pattern retesting at 1.2752 or a completion of a Bearish Bat Pattern around 1.2803 appears promising for a potential short position.

What are your thoughts or trade plans for GBPUSD?

Share your insights below!
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