GBPUSD-Weekly Market Analysis-Dec20,Wk5

٢٦ ديسمبر ٢٠٢٠

On 16Dec, we have identified the ABCD pattern during our live session and right now, we have a Bearish Deep Gartley pattern that forms up within the consolidation zone of the ABCD pattern.
No doubt, this is a counter-trend setup, it is a stronger setup then the week before as there is more indicator line up to support the pullback trade.
The aggressive trader can wait for the pullback of 1.3580 to short the market, the conservative trader can wait to engage the market at 1.3608.
For me, it depends on the candle formation at that level.