the Pair traded in a range the last couple weeks, however the pattern shows that the upside momentum is still corrective for a

downtrend continuation. 7-9-11 swings are related to A,B,C corrective phases in Elliott Wave Theory.

tomorrow is the US ELECTIONS results so we will definitely expect high volatility trading, thats why i prefer to put pending orders ( sell limit ) orders near 1.3270 level

to short the pair and probably target 1.2390 the monthly engulfing pattern target.

Good luck
cableChart PatternselectionsGBPUSDpoundsellcablesellpoundshortgbpusdshortssterlingTrend Analysis

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