I do see a likelihood of GBPUSD head lower towards the butterfly pattern before heading up to the bat pattern. That, of course, is the best-case scenario for the trade.
Whichever form up should give a great trading opportunity. Bullish Butterfly acts as a countertrend trade and Bearish Bat as a trend trading opportunity.
You can see how the trade develop from last week weekly market analysis.
Whichever form up should give a great trading opportunity. Bullish Butterfly acts as a countertrend trade and Bearish Bat as a trend trading opportunity.
You can see how the trade develop from last week weekly market analysis.
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