RaynLim

GBPUSD - Weekly Market Analysis - Dec2020, Week3

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FX:GBPUSD   Libra Esterlina/Dólar Americano
A bearish shark was spotted last week(link at the bottom), the only challenge that we had is that the market was against the support setup, but on our Wednesday Live session the view seems rather clear as the market has a Bearish Gartley Pattern setup on the 1-hourly chart, since that day it has made more than 300pips run.

If you had missed the ride, don't chase it. The next level you can look for a shorting opportunity would be at the resistance line, 1.3300. A break and close above the resistance line are not preferred.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

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