GBPUSD - Completes another ABCD, awaiting bearish shark
Hey guys, GBPUSD completed yet another ABCD pattern on H1.
It signals a potential bounce off the lows at 1.3140.
Right now, the right call is to wait for the bearish shark to complete around 1.3315 to 1.3325.
That is where I will go with the trend to short the pound.
My execution will be based on
1. RSI divergence
2. Candlestick pattern at reversal zone
No pending orders, will update when I put in my orders.
It signals a potential bounce off the lows at 1.3140.
Right now, the right call is to wait for the bearish shark to complete around 1.3315 to 1.3325.
That is where I will go with the trend to short the pound.
My execution will be based on
1. RSI divergence
2. Candlestick pattern at reversal zone
No pending orders, will update when I put in my orders.
