British Pound / U.S. Dollar

Short

Warning Signs Amidst the Bullish Trend

The overall trend on GBPUSD continues to be bullish, making it an attractive option for buyers.

Long Trade Scenario:

Daily Chart: A potential Bullish Shark Pattern nearing completion at 1.1937 suggests a buying opportunity.

Short Trade Considerations:

Personally, I'm inclined towards a shorting opportunity. Two potential setups catch my attention:

1-hourly chart: A key resistance level at 1.2174.

Daily Chart: A Bearish Butterfly Pattern may complete at 1.2244.

I'm keen to hear your thoughts. What's your trade plan? Comment down below.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
tiktok.com/@raynlim

Also on:

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.