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We're long

We're long | 30 June 2023

30 June 2023, GBP/USD

We're long

GBPUSD is still in an impulsive phase, but it hasn't yet formed the expected double bottom as previously predicted. Currently, the market is consolidating around major impulsive wave "IV". The recommendation is to wait for the market to form the double bottom pattern before entering a buy trade. Once the double bottom pattern is confirmed, you can consider entering a buy trade with a take profit target at 1.3018, which has been identified as the potential target for the major impulsive wave "V".

Trade Recommendations:

We're long

Bob Stan
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