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RaynLim
Sep 4, 2022 3:05 PM

GBPUSD-Weekly Market Analysis-Sep22,Wk2 Long

British Pound/U.S. DollarFXCM

Description

Aggressive Counter-Trend Traders, you might have an opportunity to engage GBPUSD on a buying opportunity.

Why is that an aggressive move?
That's because there is no structure or support looking left.

At the minimum, wait for a 3-bar reversal before engaging in the trade. Your first potential profit taking level will be at 1.1576.
Comments
mudassarrehman8586
thnks for your weekly analysiss
RaynLim
@mudassarrehman8586, you're welcome
contactmrbajaj
Three Bar Reversal for 3 ( one Hour Bar) ..?
Any time during the day..?
RaynLim
@contactmrbajaj, in most of my analysis, it will be based on the shared timeframe. in this case, the 1hourly chart.
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