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We're sellers | 06 April 2023

06 April 2023, GBP/USD

GBPUSD has been bullish since the beginning of this week. the market is currently in a corrective phase (ABC corrective pattern). As we can see on the chart above, the market formed a continuation pattern (Expanding channel) from minor corrective wave "A",1.2423 to minor corrective wave "B",1.1820. The price is currently at 1.2521, I expect the price to drop slightly up to 1.2263 and then buy up to 13640. You can open a sell trade now (risky entry) with your tale profit at 1.2263 and stop loss at 1.2506.

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We're sellers

Bob Stan
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