Do you know where the GBP is heading?

<div><div>Hi Traders,</div><div>Thank you for your continuous support via my website and Facebook group. It is brand new week in the markets and there are many opportunities for us to look at.</div><div>The question that is always in a traders mind is &quot;Where will this pair move next?&quot; How I answer this question is by looking at the hints the charts shows me. Today I will be looking at the GBP. Let's start with the EURGBP.</div><div>EURGBP shows us that a bullish Shark pattern has completed on the Daily Chart. A nice pin bar on Friday and price is at the bottom of the channel. A high probability trade would be to look to go long on this pair.</div><img src="http://static.wixstatic.com/media/11e264_dec1ffa6d2b246c0846f18bef149ad92~mv2.jpg" /><div>When do you think we can go long? Filter down to the hourly chart and look for further patterns. We want to find bullish patterns. At this moment, I see a classical pattern forming. It has not confirmed yet, so I will be patient and wait for confirmation.</div><div>EURGBP H1 – forming an Inverted HnS with a clear neckline confirmation</div><img src="http://static.wixstatic.com/media/11e264_515c4394f9f544e1983c0e68cafa808b~mv2.jpg" /><div> I believe this could be a good trade for us to take. Even if the charts are all aligned, there is still a chance for failure. So trade with the right position sizing according to your account size and of course, always put a stop loss on your trades.</div><div>Looking at another GBP pair, this time GBPNZD. I see 2 bearish patterns on the H1 charts. The Bat has completed and there is a Shark slightly higher</div><img src="http://static.wixstatic.com/media/11e264_ec973fac4cb34b92b9cb16023ae8ccfc~mv2.jpg" /><div> At this moment, the pair is resisted strongly by the Bat PRZ. Giving me a hint that the next moved will be a down move.</div><div>Until my next post….. Trade well and trade safe !!!</div></div>