We're sellers towards the lower trendline. | 21 December 2022

21 December 2022, GBP/USD

We're sellers towards the lower trendline.

Wave Analysis:

The British pound is currently within a converging wedge formation. As long as the price remains within this shape, I am waiting for a rebound from the upper trendline to pick a sell or a rebound from the lower tredline to pick a buy. On this chart, selling a break below the lower trendline looks ideal and can safely be recommended, or selling a rebound from the upper trendline, buy positions may be a bit risky at the moment.
Trade Recommendations:
We're sellers towards the lower trendline.
Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus