RaynLim

GBPUSD: A Cautionary Tale of Potential Bearish Patterns

Short
EIGHTCAP:GBPUSD   British Pound / U.S. Dollar
While the daily chart shows a potential Bearish Butterfly Pattern, my experience suggests this might not play out as expected - or it could be a significant warning sign for traders.

If you're considering shorting GBPUSD, I'd recommend a type 2 retest on the Bearish Deep Gartley Pattern at 1.2756 as a more reliable entry point.

Share your thoughts and trade plans for GBPUSD in the comments below!

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