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Mth-long Consolidation for Profits
Pound Inggris / Dollar AS
Penjualan
Mth-long Consolidation for Profits
Oleh RaynLim
Ikuti
Ikuti
29 Okt 2023
0
29 Okt 2023
GBPUSD currently exhibits a Weaker Buy signal, accompanied by a 5-week long consolidation phase.
Trading Decision Dilemma:
The month-long consolidation prompts a crucial decision: Will it be a buying or selling opportunity?
Buying Opportunity:
For those inclined towards a buying stance, watch for the completion of the Bullish Butterfly Pattern at 1.1951 for a potential entry.
Aggressive Selling Approach:
Traders seeking a more aggressive move may consider the Bearish Butterfly Pattern on the 1-hourly chart, providing an opportunity to short at 1.2180.
Now, the pivotal question arises: Bull or Bear? Which side aligns with your trading strategy? Share your thoughts below!
askforex100
Bearish Butterfly
Bullish Butterfly
Butterfly
butterflypatterns
countertrend
GBPUSD
Harmonic Patterns
Trend Analysis
trendtrading
RaynLim
Ikuti
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