GBPUSD is showing a downtrend movement on the daily chart.
On the 4-hourly chart, the market does show a possible potential head and shoulders. I will definitely need to wait for the candle to touch the read shoulder before I can engage.
On the smaller timeframe, you can see the blue bullish bat pattern. I have already engaged this, thought market move back to my entry price but I'm going to follow my rules and wait for the 1st target being hit, then I will shift stops to entry.
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On the 4-hourly chart, the market does show a possible potential head and shoulders. I will definitely need to wait for the candle to touch the read shoulder before I can engage.
On the smaller timeframe, you can see the blue bullish bat pattern. I have already engaged this, thought market move back to my entry price but I'm going to follow my rules and wait for the 1st target being hit, then I will shift stops to entry.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.