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MonoCoinSignal
Nov 28, 2022 3:49 PM

Traders' inclinations are towards the dollar! 

British Pound / U.S. DollarFOREX.com

Description

China's recent risks took traders' tendencies towards the dollar at the beginning of the week.
Examining the state of the trend on the four-hour time frame using Elliott Wave Theory, the recent top created on November 24 is not yet an evolution of the uptrend from November 21. To create a major pivot, it is necessary for the price to be pulled below the range of 1.2012 - 1.1979.
As long as the price trend is above this zone, we can hope for continued growth up to 1.2245-1.2260.
Stabilization above the range of 1.2104 - 1.2087 is a suitable confirmation for the return of bullish tendencies to the market. One can be patient until the price returns to the top of the zone to reduce the risk of buying transactions.
Comments
AtlasTrades
Really like your gbpusd chart, I also have the same opinion
YMGroup
excellent view, Im agree with you, I think it's true about gbpusd
michael_bC5
Great update
Clara_trader
love it;)
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