Daniel Ang

Selling Opportunities in GBP/USD Tue, Nov 8, 2022 19:46pm. Closed Out on Wed, Nov 9, 6:42pm +$39.25.

Chart GBPUSD, H4, 2022.11.08 12:32 UTC, Blueberry Markets Pty Ltd, MetaTrader 4, Real

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