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GBP/USD. Correctional pause before further growth.

GBP/USD. Correctional pause before further growth. | 24 September 2024

24 September 2024, GBP/USD

GBP/USD. Correctional pause before further growth.

The situation continues to develop within the framework of the considered wave scenario. Currently, presumably, intense work is underway on wave 3 of [iii] in the uptrend impulse. During the current trading day, buyers managed to update the maximum of the current year again.
In the near future, there is a high probability of a corrective decline, the approximate trajectory of the movement is schematically indicated on the graph provided above. In this situation, it is recommended to wait for the development of the specified corrective decrease and only then look for opportunities to buy in order to capture the remaining movement in wave 3 of [iii].
Previously opened buy deals can be partially closed or stop loss on them can be moved as close to the market price as possible.
Investment idea: flat.
Bob Stan
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