The legend in the InstaSpot team!
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The GBP/USD pair continues to trade in a flat. Yesterday's upward movement allowed it to return to the October high. Meanwhile, an upward "absorption" pattern was formed at the daily level.
This may become the basis for building a trading plan at the beginning of next week. Within the framework of a flat, it is important to focus on testing its borders. It is worth noting that purchases from the lower border should be settled when the weekly high is reached. If testing the level of 1.3828 leads to the formation of a sell pattern, it is necessary to enter a short position. The downward target will be the current week's low again.
Trading in a medium-term flat does not allow holding positions for a long time. The main signal of going beyond the flat and continuing the upward momentum will be the closing of the daily candle above the level of 1.3828. The descending pattern has a lower probability, so there is no reason to consider it at this stage.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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