GBPUSD. Possible ABCD pattern

Possibly, there is an ABCD pattern forming on GBPUSD pair. In that case, GBPUSD is good to short on Monday opening or after a retrace, targeting 1.2695. SL: above 1.33

Notice also bearish divergence on the chart.

If the pattern is confirmed and the move completes as expected, I believe that will be an intermediate bottom for GBPUSD and expect a bounce to pre-Brexit levels.

Yorum:

If GBPUSD break 1.30500, it is good to add more shorts. For a moreless secure breakdown at least one 4H candle has to close below the level

İşlem elle kapatılmış:

Pattern close to be invalidated. Closed all shorts manually