We're short | 27 Febrero 2023
27 Febrero 2023, GBP/USD
GBPUSD was on a downtrend for the whole of last week, the market is in a 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).To complete a full corrective pattern, The price is likely to drop from where it is now (1.1929) up to 1.1679. You can place a sell order now. Place your stop loss at 1.1993 and take profit at 1.1679.
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We're short
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.
