GBP/USD analysis | Buy trade following a 3 Drive pattern | Keon Consultancy

Updated: Jul 1, 2020

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.

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