Warning Signs Amidst the Bullish Trend

22 באוק׳ 2023

• The overall trend on GBPUSD continues to be bullish, making it an attractive option for buyers.
  

Long Trade Scenario:

• Daily Chart: A potential Bullish Shark Pattern nearing completion at 1.1937 suggests a buying opportunity.
  

Short Trade Considerations:

Personally, I'm inclined towards a shorting opportunity. Two potential setups catch my attention:

• 1-hourly chart: A key resistance level at 1.2174.
  

• Daily Chart: A Bearish Butterfly Pattern may complete at 1.2244.
  

I'm keen to hear your thoughts. What's your trade plan? Comment down below.