RaynLim

GBPUSD-Weekly Market Analysis-Sep21,Wk2

Short
FX:GBPUSD   British Pound / U.S. Dollar
Two weeks ago, we spoke about the Bullish Bat setup for a buying opportunity, at this moment the setup has brought a total of 238pip, which is equivalent to 2,380USD/lot traded. If you like to catch on the bull run, a retest on the trendline(blue) can create an opportunity for you to engage the trade. The immediate previous high can be your Target1.

Counter-Trend Traders can wait for the Bearish Deep Crab Pattern confirmation at 1.3910. Usually, for Deep Crab Pattern, I will wait for consolidation and retest before engaging the trade.

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