RaynLim
Long

GBPUSD-Weekly Market Analysis-Nov19,Wk5

FX:GBPUSD   British Pound / U.S. Dollar
Having the downtrend channel before a bullish trend was a concern for me to short off the daily chart (posted ideas on the link to related article), at this moment I will be watching closely on how the candle react at this PRZ area as a warning sign that Point C touches A.

Although there is a warning sign of such I will still lean towards buying GBP against USD as it does give very good reward: risk on this trade setup, of course, the lining up of the candle gives the final green light to engage.

Don't go on holiday and ignore your trade just yet.
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Comments

the patterns does not work
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