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We're short

We're short | 17 August 2023

17 August 2023, GBP/USD

We're short

We maintain a strongly bearish stance on GBPUSD. The market remains in an impulsive phase, currently forming the impulsive wave 'V.' Our target for this major impulsive wave 'V' is at the (1.2480), zone. If you are currently holding sell trades, consider moving the stop loss to breakeven. You can also initiate a short position now, with your target range set at 1.2579 to 1.2480. Please ensure the implementation of proper risk management, particularly given the potential volatility of the market.

Trade Recommendations:

We're short

Bob Stan
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