We're long for now | 04 July 2023

04 July 2023, GBP/USD

GBPUSD remains in an impulsive phase, with a notable upward movement from major wave "IV" at 1.2606. The market is currently forming a falling wedge pattern, indicating a potential bullish reversal. Our expectation is for the market to establish a double bottom at 1.2662, which will serve as a confirmation signal for entering a buy trade. Our target for the major impulsive wave "V" is set at 1.3035. Therefore, it is advisable to wait for the formation of the double bottom pattern before considering a buy trade.

Trade Recommendations:

We're long for now

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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