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Overall Bullish, But I'm Countertrending This Trade
British Pound / U.S. Dollar
Long
Overall Bullish, But I'm Countertrending This Trade
By RaynLim
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Jul 16, 2023
1
Jul 16, 2023
💹 GBPUSD is currently experiencing an overall bullish trend, as evident from the Weekly Chart (right) showing bullish movement within the Buy Zone.
⛔️ However, as a Counter-Trend Trader, I'm eyeing a potential shorting opportunity on GBPUSD based on the setup on the daily chart.
🔍 My trading approach will shift to bullish once it hits the key support level or the bullish trendline.
📊 Stay tuned for more trading insights and updates!
AB=CD
abcdpatterns
askforex100
Bearish AB=CD
buyzone
countertrend
Demand Zone
GBPUSD
Supply and Demand
Trend Lines
RaynLim
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