pinoso

Thoughts on GBPUSD

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FX:GBPUSD   英鎊 / 美元
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.
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