GBP/USD analysis | Buy trade following a 3 Drive pattern | Keon Consultancy
Updated: Jul 1
As you know that 3 Drive is a reversal pattern, it may cause at least 30% move if it doesn't complete its classic target. The classic target is swing high of the last drive. But, we will already close half of the position at 1/4 of the whole 3 Drive and rest half at 30% of the whole 3 drive because D1 trend is still bearish.
Here is what we see on H1 and H4 time-frames and how we entered.