We're short | 15 February 2023
15 February 2023, GBP/USD
GBPUSD is currently in a corrective phase The market is currently correcting to the downside. As we can see on the chart, the market has been moving in form of an ascending channel from minor corrective wave a,(1.1967) to minor corrective wave b,(1.2215). I expect this pair to drop up to 1.1189. We wait for the price to break below the lower trendline of this channel then we enter sell trades. Lastly, the price market might break above minor corrective wave b,(1.2215), should this happen this setup will be invalidated.
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.
