Good day, traders! GBP/USD is growing, following a prolonged consolidation a week before. It tested the level at which there was a breakdown, so there is a chance that a brief correction or a reversal may occur. A rather strong buyer liquidity also remains in the pair.
Now, there is a three-wave pattern (ABC), in which wave A represents the bearish pressure in mid-April. Traders can enter the market by taking short positions from current prices up to the level of 1.25500. Exit by taking profit upon the breakdown of 1.23400.
This trading idea is based on the "Price Action" and "Stop Hunting" methods.
Good luck and don't forget to control the risks! Have a nice day.
