We're short but waiting for a bullish correction | 22 Septiembre 2023
22 Septiembre 2023, GBP/USD
GBPUSD has completed the 'V', major waves pattern, with the price currently at the major impulsive wave 'V' at '1.2256'. We expect the price to move to the upside impulsively in the form of a corrective 'ABC' pattern. You can place a long position at '1.2310', with your profit target at the resistance zone of '1.2414'. Please note that this zone is our target for minor wave 'a.' This setup will only be invalidated should the price break below zone '1.2203'. Ensure you use proper risk management.
Trade Recommendations:
We're short but waiting for a bullish correction
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.
