GBPUSD - Weekly Market Analysis - Dec2020, Week3

13 בדצמ׳ 2020

A bearish shark was spotted last week(link at the bottom), the only challenge that we had is that the market was against the support setup, but on our Wednesday Live session the view seems rather clear as the market has a Bearish Gartley Pattern setup on the 1-hourly chart, since that day it has made more than 300pips run.

If you had missed the ride, don't chase it. The next level you can look for a shorting opportunity would be at the resistance line, 1.3300. A break and close above the resistance line are not preferred.