place a sell order now, with your profit target set at 1.2205 | 27 April 2023

GBPUSD is currently very bearish ,with the market in a corrective phase following the ABC corrective pattern. The market has also formed a rising wedge pattern, starting from minor wave "a" at 1.2354 to where the market is currently located. This setup is known as a bearish flag. To enter a sell trade, you should wait for the market to break below the lower trendline of this wedge pattern. Furthermore, the market has formed a double top at 1.2496, which is also a bearish pattern. You can place a sell order now, with your profit target set at 1.2205.

Trade Recommendations:

You can place a sell order now, with your profit target set at 1.2205