GBPUSD-Weekly Market Analysis-Nov18,Wk5

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UK Pound still on its bearish run, we have took extended target on this Bearish Bat Pattern and we are glad we did.

Target 2 hit a total of 107pips profit.

As for counter trend trader, do note on the black line that seems to be a strong support, if it is broken, it may extend lower. As for me, I would need additional confirmation before engage on this counter trend trade.

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