What could happen in GBP/USD after BOE: Two potential pattern

GBP is the star currency in first three days of this week. Due to the coming BOE meeting ,GBP / USD draw a lot of interest of traders. rose more than 200 pips, and haven't seen the signal of bearlish
It proves that the focus of this week for market is the BOE meeting. If theBOE intend to raise interest rates only one time without expection of continuing to raise like United States&Canada the pound is likely to buy the expection and sell fact, If this happens, the potential AB = CD -- 1.3400 with the early gap is likely to be the turning point of the current round. It must be stated that no matter what form, before such a risk event, I will not and will not agree with trading before BOE. We must wait for press relased adn watch the price action !

Hope that the market can cooperate to give trading opportunities.


This view is related with GBP/CAD GBP/AUD please click below

Ordre annulé:

Due to the BOE meeting, GBP falled quickly. The priced didn't move up to the resistance level,so no order is actived. My thought iswaiting for the formation of the pattern, and then trading.

However, GBP gave me a lot of profit last night.BOE meeting led to the formation of the GBP / AUD cypher and the GBP / CAD butterfly. They all successed! you can see below