TradingAlchemist

GBPUSDâť—Three-wave formation?đź’˛

FX:GBPUSD   British Pound / U.S. Dollar
The British pound continues to hold on to the previously reached price values with all its might, and the earlier growth begins to acquire characteristic impulsive features. However, without two more waves, all of this could turn into a three-wave formation, which would indicate a correction, which means that the price will go down.
In this regard, it is recommended to take a break to observe developments outside of trading positions, or to buy cautiously with small targets.

Have a nice trade!

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