It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel.
That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy.
If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pattern. The harmonic pattern has the potential to form within the next consolidation zone, which is great for extension patterns like the Butterfly Patterns.
That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy.
If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pattern. The harmonic pattern has the potential to form within the next consolidation zone, which is great for extension patterns like the Butterfly Patterns.
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
