Although a lot of traders are looking to short GBPUSD, the technical setup doesn't show any signs of weaknesses on this pair. The market has hit Target1 2times on the Bullish Gartley Pattern(yellow) setup. Will there be a Type3 Gartley Pattern? Well, I doubt so, it is more likely to have a Bullish Butterfly Pattern(blue) than a Type3 Garley. I'm waiting for a...
A bearish butterfly Type3 setup within the sell zone pans for a shorting opportunity. Yes Type3. Forex Trading it is very possible for a Type3 setup, a candle confirmation is required.
Do note that there is a higher low, do engage the trade with caution.