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We're long from 1.31820 towards 1.45206

We're long from 1.31820 towards 1.45206 | 04 March 2019

04 March 2019, GBP/USD

We're long from 1.31820 towards 1.45206

Wave Analysis

The previous week's candle looks like a sell candle, but since the candle actually close above 1.31820, and the previous month's candle is a bullish pin bar candle, we expect a possible move to the upperside in the long run. This week, however, we're likely to see a possible move to the lowerside but should not go 1.30870. As long as the price is above 1.31820, we expect a possible to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) and should break above 1.38150 towards 1.45206.

Trade Recommendations:

We're long from 1.31820 towards 1.45206

Bob Stan
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