Wait | 02 February 2023

02 February 2023, GBP/USD

Wait

GBPUSD has been consolidating for the last few days, and the market is yet to hit the major wave IV. The market is currently, moving impulsively to the upside. There is a major zone at,1.24342. I expect it to reach 1.24342 where I expect it to form a double top before dropping. We will mark this level (1.24342) as our major wave IV. Should the price break above this zone,1.24342, and retests the setup will be invalidated. Lastly, the market is likely to retrace from 1,23712 up to around 1.23462, this is because of the major zone at 1.23731.

Trade Recommendations:

Wait

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