GBPUSD-Weekly Market Analysis-Jan22,Wk2
Compare to EURUSD, the GBPUSD Bearish Deep Gartley Pattern isn't as promising.
There are 2 reasons for that:
1) The candle break and close above Point D, the PRZ.
2) Point BC has a violation.
You can DM me on the reason for the violation and I let you know if you are on the right track.
However, if you are a 4-hourly chart trader, you can wait for candle confirmation to engage a counter-trend trade not because of a Double Top but a retest of previous high with RSI Divergence.
There are 2 reasons for that:
1) The candle break and close above Point D, the PRZ.
2) Point BC has a violation.
You can DM me on the reason for the violation and I let you know if you are on the right track.
However, if you are a 4-hourly chart trader, you can wait for candle confirmation to engage a counter-trend trade not because of a Double Top but a retest of previous high with RSI Divergence.
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
tiktok.com/@raynlim
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