RaynLim

GBPUSD-Weekly Market Analysis-Jul20,Wk3

Long
FX:GBPUSD   Sterlina / Dollaro
Point C has touched Point A, so when that happens it is a retest of resistance and to some traders, it may be seen as a double-top setup, personally for me it is not a double-top setup. However, when the market hit point D, I will still be open to the idea to engage for a long trade, only when there is a reversal like 3-bar reversal at Point D.

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