Market Outlook and Analysis (2020 WW08)
Currency Pair: GBPUSD
GBPUSD D1 Chart – Continuation Flag Formation
We could potentially be seeing a classical Bull Flag, a continuation pattern on the GBPUSD. The pair tested the lows of the flag in last week’s trading.
GBPUSD H4 Chart – Successful Harmonic Patterns everywhere
The Shark that was spotted last week turned out to be toothless. Pattern did not complete and there was no trade. However, it formed a bullish Bat and turned into another profitable trade. I would be expecting the pair to continue up towards the top of the flag.
Will be looking for any potential opportunities to go long.