• Boon Hooi

"continuation" - GBPUSD to rally another leg up

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.


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