We're short | 21 Agosto 2023
21 Agosto 2023, GBP/USD
GBPUSD remains strongly bearish, with the market nearing the completion of major wave 'V.' Currently, the market is in the process of forming the impulsive wave 'V.' Our projection indicates a potential price drop down to 1.2480 – a zone that corresponds to our target for the major impulsive wave 'V.' If you are already holding sell trades, it's advisable to adjust the stop loss to breakeven. Additionally, you may consider initiating a short position at this point, setting your target within the range of 1.2579 to 1.2480. It is crucial to implement proper risk management practices.
Trade Recommendations:
We're short for now
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.
