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RaynLim

Balancing Bullish Signals And Counter-Trend Strategies

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
RaynLim  
FX:GBPUSD   British Pound / U.S. Dollar
Bat Harmonic Patterns Candlestick Analysis askforex100 GBPUSD countertrend Bearish Bat combotrade candlestickpattern rsidivergence Contains IO script
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batpattern harmonicpatterns candlestick askforex100 gbpusd countertrend bearishbat combotrade candlestickpattern rsidivergence containsioscript
Despite GBPUSD showcasing a bullish trend, I'm eyeing a shorting opportunity on this pair. The daily chart signals the completion of a Bearish Bat Pattern, yet a direct engagement at this level poses considerable risk.

To mitigate this, my strategy involves patience, awaiting a market retest on the 1-hourly chart. Coincidentally, this timeframe also displays a Bearish Bat Pattern, offering a more favourable risk-reward ratio with reduced exposure.

Share your thoughts or strategies on GBPUSD below!
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