Selling Opportunity in GBP/USD - Thu, Oct 6, 2022 Partial Order Filled Thu, Oct 6. Target Hit +$640.70 Sat Oct 8, 04:18am

In the aftermath of the U-turn regarding the tax cut in UK at the start of the week, GBP/USD had recovered strongly from 1.0359 to 1.1495 in just 36 hours. Since then, the strong upward momentum appears to be weaning. If so, this presents a selling opportunity, assuming this pullback results in a 3-wave decline from 1.1495 towards 1.1030 level.

TRADE IDEAS

#1 Sold on Market Order @ 1.13215 on Thu, Oct 6, 14:20pm Target Hit Sat, Oct 8, 04:18am

#2 Limit Sell @ 1.1360. Order Filled Thu, Oct 6, 15:38pm. Target Hit Sat, Oct 8, 04:18am

#3 Limit Sell @ 1.1392. Orders Unfilled.

All Stops @ 1.1570

All Targets @ 1.1030