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ElementaryFX
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100 % forex
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GBPUSD 33% | 2 USDCAD 33% | 2 EURUSD 17% | 1 EURJPY 17% | 1
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Potential bearish butterfly on GBPUSD
GBPUSD
, DShort
GBPUSD: Potential bearish butterfly on GBPUSD

This recent bullish move could potentially have overextended, leading us into the 1.3000 level. At such a psychological level with its whole number, there could potentially be a lot of sellers around that area. In addition to that, we have massive structure looking left and also a potential bearish bat formation in that area. Conservative traders should wait for...

Trading the bullish flag.
GBPUSD
, 240Long
GBPUSD: Trading the bullish flag.

Bullish flag on GBPUSD. Waited for pullback and retest of trendline before going long!

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