We're sellers towards the lower trendline. | 21 ديسمبر 2022
21 ديسمبر 2022, GBP/USD
Wave Analysis:
The British pound is currently within a converging wedge formation. As long as the price remains within this shape, I am waiting for a rebound from the upper trendline to pick a sell or a rebound from the lower tredline to pick a buy. On this chart, selling a break below the lower trendline looks ideal and can safely be recommended, or selling a rebound from the upper trendline, buy positions may be a bit risky at the moment.
Trade Recommendations:
We're sellers towards the lower trendline.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
