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We're sellers

We're sellers | 13 January 2023

13 January 2023, GBP/USD

We're sellers

Wave Analyisis

The market is currently at Major wave V 1.22358, it has competed forming the impulsive V wave pattern. Now we expect the market to move to the downside in form of a minor corrective 3-wave pattern. The market has also formed a double top at Major wave V this is a sign that buyers are exhausted and the sellers are now in control. You can place a sell order now at 1.22089, and place your take profit at 1.21140 which will be at minor corrective wave c and probably the end of the minor corrective 3wave pattern. Place the stop loss at 1.22469.

Trade Recommendation:

We're short

Bob Stan
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