As of this writing GBPUSD is strong on the long on side but instead of going long I would counter trade this trend by shorting it. There are two reversal harmonic patterns I see, a Bearish Gartley on the 4-hour chart and a Bearish Butterfly on the hourly chart. Both reversal patterns points to a [...]

The British pound last week was extremely bullish across the board.
Before the spectacular run up of GBP, I’ve detected an AB=CD pattern in the 4-hour chart which is confirmed with an RSI BAMM setup. With these two patterns, the probability of a reversal is high.
I went long on the British pound last week [...]