FX.co ★ Trading idea for GBPUSD

Good day, dear traders! I present to you a trading idea for the GBPUSD pair.

The short initiative, held on November 21 and 22, brought the Briton back from the sky to earth. And the most interesting thing is that on November 22, the extremes of November 12 and 13 were not broken. Thus, an obvious "level of support" was formed for everyone - for which buyers will hide risks with great pleasure. As you know, we use the strategy of "footsteps hunting" - which involves working against the "crowd".

This morning has already passed a good short initiative in Europe, which means that the pound is not as strong in the election race as the dollar. In this regard, I propose a trading plan for the weakening of the pound against the US dollar as follows:

In my opinion, the classic three-wave "ABC" is formed, in which you can participate by holding positions on the goals on the chart or scalping for a decrease during the day.

Good luck with trading and follow money management!