Greetings and welcome back.
For those in the U.S. and around the world who celebrated Thanksgiving, we hope you had a wonderful break with family and friends.
Let’s pull up the GBP/USD hourly chart.
It looks like we’re in a potential 5 wave movement down and am currently in the 3rd wave. Once the 3rd wave completes, look for a retracement back up (to complete wave 4) and then another movement back down in a Wave 5.
Look for a potential target price area of 1.5400 and below.
If you’re currently short this pair, you may want to think about locking in some pips.
Remember to use your money management and apply your stops.
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‘Trade Sheet’ in the Subject Line.
