- The overall trend on GBPUSD continues to be bullish, making it an attractive option for buyers.
Long Trade Scenario:
- Daily Chart: A potential Bullish Shark Pattern nearing completion at 1.1937 suggests a buying opportunity.
Short Trade Considerations:
Personally, I'm inclined towards a shorting opportunity. Two potential setups catch my attention:
- 1-hourly chart: A key resistance level at 1.2174.
- Daily Chart: A Bearish Butterfly Pattern may complete at 1.2244.
I'm keen to hear your thoughts. What's your trade plan? Comment down below.
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