We're short | 20 February 2023

20 February 2023, GBP/USD

We're short

GBPUSD is currently in a corrective phase, the market is moving in form of a corrective 3-wave pattern. This pair formed a descending channel from minor corrective wave a,(1.1978) to minor corrective wave b,(1.2215), and as we can see on the chart above the market has already broken below the lower trendline of this channel, this is a clear sign that this pair is likely to drop. I expect this pair to buy(short term) up to 1.2070, form a double top then drop up to 1.1189. You can place a buy order now with your target at 120.70.

Trade Recommendations:

We're short

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