RaynLim

GBPUSD-Weekly Market Analysis-Apr22,Wk4

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD has broken and closed below the channel, trend traders can wait for a retest of the channel for a shorting opportunity.

Counter-Trend Traders can wait for the market to consolidate at 1.2796 and wait for a 3-bar reversal to long based on the Bullish Crab Pattern.

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