Elliott waves analysis – We’re still long


GBPUSD is currently moving impulsively to the upside, the market is in a corrective phase ( ABC corrective pattern). 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 patterns. I expect this pair to buy at least up to 1.2369, (end of the corrective phase). You can open a buy trade now (risk entry) or wait for the market to break above minor corrective wave a (1.2198).

Trade Recommendations:

We’re still long

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