Oztrade

GBPUSD - Looks to be a Bull Trap - BEAR Flag - Advanced Patterns

Oztrade Atualizado   
FX:GBPUSD   Libra Esterlina/Dólar Americano
Hi Traders, just thought to post this one up. As we see bears selling at the levels and bulls coming back on board. Be quite interesting to see which way we go from this area.

Either way if price falls to an Flag completion - buying up the Cypher would present a great opportunity. If price goes upwards we still have the Valid BAT

I dont trade flags or anything else but its always good to analyses multiple strategies to add to our potential reversal zones or profit taking buying and selling area's.

I will update as we go up or down.
Comentário:
Looks to be testing the B Leg Structure of the potential Cypher. If we break and close below Cypher Entry would be a good chance of price reversal. Keeping in mind the Psychological 1.30000
Comentário:
We also have a BAT Pattern which has formed - another pattern which adds to our probability of price reversal.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.