20 Maret 2023, GBP/USD
GBPUSD is currently moving impulsively to the upside as we had predicted in our previous analysis the market is in a corrective phase ( ABC corrective pattern) as we can see on the chart above, the market formed a descending channel from the beginning of the major impulsive wave (1),1.1976 to the end of the major impulsive wave (5),1.1817, descending channels are Bullish reversal patterns. You can open a buy trade now with your first take profit at 1.2267 and second take profit at 1.2369. Your stop loss should be at 1.2126.
Trade Recommendations:
We're buyers towards 1.234