This week, an opportunity has presented itself for a potential buying position on the GBPUSD pair. Two prominent trading setups - the Bullish Shark Pattern and the AB=CD pattern - have emerged, signalling a potential bullish trend.
While I hold a bullish bias due to a previous break and close above resistance on the weekly chart, I exercise caution and wait for confirmation from candlestick patterns before entering the trade.
This strategic approach ensures that I make informed and calculated trading decisions.