RaynLim

GBPUSD-Weekly Market Analysis-Aug21,Wk4

Long
FX:GBPUSD   Livre sterling / Dollar américain
The bullish bat pattern form within the demand zone on the daily chart. This setup is good enough for me t engage the counter-trend trade.

However, I must highlight that the B point of this bat pattern didn't hit 50% Fibonacci Retracement and may not be a Bat Pattern to some Harmonic Pattern Traders.

I leave that decision to you.

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