Hello again!
There's a rectangle pattern spotted on GBPUSD. Interestingly, the price where the TP of the rectangle pattern is been determined coincides with an AB=CD pattern and if it goes further, it will hit to a bat pattern. I'm not gonna talk about the supports until it actually goes there. THe resistance as entry point of the rectangle pattern could be restested, so I will recommend to enter a short position if it hits and the market respects the resistance.
If the price doesn't give retest, just wait for the price to get to the supports for a bullish position.
There's a rectangle pattern spotted on GBPUSD. Interestingly, the price where the TP of the rectangle pattern is been determined coincides with an AB=CD pattern and if it goes further, it will hit to a bat pattern. I'm not gonna talk about the supports until it actually goes there. THe resistance as entry point of the rectangle pattern could be restested, so I will recommend to enter a short position if it hits and the market respects the resistance.
If the price doesn't give retest, just wait for the price to get to the supports for a bullish position.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.