We're short | 15 May 2023
15 May 2023, GBP/USD
GBPUSD is currently in a corrective phase, following the ABC corrective pattern. The price is currently at a major zone or resistance zone. I anticipate the market to form a bearish pattern, most likely a double top, and then drop to at least 1.1997 (minor corrective wave b). We expect this drop to be corrective in nature and potentially take the form of a bullish reversal pattern, such as a descending channel or a descending wedge pattern. You can place sell orders now with your take profit at 1.1927 and stop loss at 1.2732.
Trade Recommendations:
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.
