GBP/USD. We continue to wait for the activation of the sell signal. | 27 December 2023

27 December 2023, GBP/USD

GBP/USD. We continue to wait for the activation of the sell signal.

The scenario involving the development of the initial diagonal triangle seems to have been incorrect. The pound, following the euro, is attempting to improve its position against the dollar. While not very successful, it is managing to at least maintain previously achieved positions.
Presumably, at the moment, a correction is forming, taking the shape of a zigzag and representing wave 2 in an emerging downward impulse. Confirmation of this scenario still relies on the breakthrough of the current local minimum indicated on the chart.
Therefore, in the current situation, it is recommended to remain out of trading positions and wait for the signal to become active.
Investment idea: flat.
Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus