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RaynLim

GBPUSD-Weekly Market Analysis-Nov21,Wk1

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
RaynLim  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Double Top or Bottom Candlestick Analysis askforex100 GBPUSD trendtrading Parallel Channel bearishchanel Double Bottom countertrend
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trendanalysis doubletoporbottom candlestick askforex100 gbpusd trendtrading parallelchannel bearishchanel doublebottom countertrend
On the daily chart(related ideas at the bottom), the market is showing a Bearish Channel. Shorting became great idea for traders who are looking for trend trading opportunities.

On the 1hourly chart, traders can wait for shorting opportunity once the market has retraced back to 1.3741.

Counter-Trend traders can wait for a double bottom trading opportunity when the market touches 1.3672 and not close below 1.3668.
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GBPUSD-Weekly Market Analysis-Oct21,Wk4
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