Selling Opportunities in GBP/USD Tue, Nov 8, 2022 19:46pm. Closed Out on Wed, Nov 9, 6:42pm +$39.25.
GBP/USD started to rally from 1.1146 last Friday, Nov 4 and appears to peak at 1.1541 on Monday, Nov 7.
If so, we could be seeing another leg down below the 1.1146 low in a 3-wave decline from the Oct 27 high of 1.1645. Here lies the selling opportunity.
TRADE IDEA
Sold @ 1.14614
Stop Loss @ 1.16550
Target @ 1.10450