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RaynLim

GBPUSD-Weekly Market Analysis-Oct21,Wk5

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
RaynLim  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Candlestick Analysis Trend Analysis askforex100 GBPUSD sidewaybounce Candlestick analysis candlestickpattern bearishchanel
3
0
supportandresistance candlestick trendanalysis askforex100 gbpusd sidewaybounce candlestickanalysis candlestickpattern bearishchanel
On the daily chart, GBPUSD has a Bearish Channel, that's great news for trend traders and trend following traders.

For Counter-Trend traders, the 1-hourly chart has a pretty good setup for a buying opportunity.

If you have seen my video analysis, you would have known that I prefer to apply my sideway bounce trading strategy on GBPUSD over EURUSD and 1 of the many reasons is that it has a less trending nature than EURUSD.

Buying Opportunity at 1.3742 and Selling Opportunity at 1.3832.
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RaynLim
EURUSD-Weekly Market Analysis-Oct21,Wk5
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