GBPUSD-Weekly Market Analysis-Dec21,Wk3

Undeniable GBPUSD is on a Bearish run. However, there is a chance that the counter-trend traders may push, once the market break and close above the Buy Zone(blue) especially on the Daily Chart, the Blue wins.

For Harmonic Patterns traders or trend traders, there is an unbroken Bearish Gartley Pattern on the 1-hourly chart that is ready to be traded once the market open.

The only downside of the setup is that Point C touches Point A. We can argue that Point A has an ultra-long candlewick, but rules are rules

Сделка активна:

Trade Engaged

Сделка активна:

SLE: 1.3249(+17)
Target1 Attained(+40)

Сделка закрыта: достигнута стоп-лосс цена:

Stop Out at 1.3249(+17)​

Сделка активна:

Target1 HIT again: 1.3226(+33)
Type2 Bearish Gartley
Stops at entry again. Loving it.

Сделка закрыта: достигнута тейк-профит цена:

Target 1 Attained: 1.3226(+33)0.8:1
Target 2 Attained: 1.3203(+63)1.5:1​
Total Profits = 33+63=96pips(960USD/lot)

Tada... Double win. Same analysis 2X the profit with the much lower risk