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We're sellers

We're sellers | 09 February 2023

09 February 2023, GBP/USD

We're sellers

GBPUSD has been on an uptrend for the better part of this week. The market is currently moving in the form of a corrective 3-wave pattern. The market has formed an inverted head and shoulder pattern at (1.2107), this is a reversal pattern. Again, the market has formed this pattern at a major zone, and this has increased the probability of this pair selling. I expect this pair to drop form (1.1189). We will mark,(1.1189), as our minor corrective wave C. You can place a sell order now at (1.2107).

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We're sellers

Bob Stan
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