We're short for a short time | 24 Julio 2023

24 Julio 2023, GBP/USD

GBPUSD is indeed displaying a strong bearish trend, and the market is currently experiencing an impulsive move to the downside. As our analysis indicates, the market is still in a corrective phase, specifically the ABC corrective pattern. At this moment, the market is forming the minor wave "a". For traders who already have an active sell trade, it is recommended to move the stop loss to breakeven to protect profits. Our initial target for this bearish move is at 1.2526. As for new potential sell trades, entering at this stage might be considered a risky entry. However, for traders willing to take the risk, a sell order can be placed now with a take profit set at 1.2551 and a stop loss at 1.2967.

Trade Recommendations:

We're short for a short time

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.