We're short | 24 February 2023

24 February 2023, GBP/USD

We're short

GBPUSD is currently in the corrective phase the market is moving in form of a corrective 3-wave pattern. As we can see on the chart above the market has been correcting in the form of an ascending channel after every impulsive move to the downside, the most recent ascending channel this pair formed,(from 1.1911 to 1.2044), the market has already broken below its lower trendline, we can place sell order now with our profit targets at the minor corrective wave c 1.1679. The price reaching this zone (1.1679), will mark the end of the corrective phase.

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