We're short | 02 March 2023
02 March 2023, GBP/USD
GBPUSD is in a corrective phase,(ABC corrective pattern). This pair has been in a downtrend since last week. The market has formed a head and shoulder pattern which is a bearish pattern. The pattern can be seen in the lower time frame. I expect this pair to drop at least up to 1.1921. Should the market fail to break below this level,(1.1921), then the price will most likely form a double bottom and then buy up to 1.2130. You can enter sell trade now with your profit target at 1.1679. Place your stop loss at 1.2092.
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.
