22 November 2019, GBP/USD
Wave Analysis
Yesterday, our stops were taken out when the price went below the end of the corrective wave (4). This move has invalidated the previously anticipated bullish move towards 1.3020, As long as the price does not clearly rise above 1.2980, and close higher. I expect a possible sell. This sell will be more ideal in case the price breaks and closes below 1.2780, if this is the case, then further momentum to the lowerside is expected. This should be the continuation of an impulsive wave count and could see the price go beyond 1.2260.
Trade Recommendations:
Sell a break below 1.2790 with your take profit at 1.2260.