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Expect a possible rally towards 1.33015.

Expect a possible rally towards 1.33015. | 03 April 2019

03 April 2019, GBP/USD

Expect a possible rally towards 1.33015.

Wave Analysis

The previous day's candle was a perfect bullish pin bar candle. This is a possible sign that the today's candle could see price rise towards the weekly resistance line 1.33015. This is a key resistance and therefore a good place to sell from. The idea is to place a pending sell limit from 1.33015, stop loss above 1.35700, and take profit at 1.26781. On the flip side, should price close above 1.33015 before the end of this month, then this could be a possible sign that we're continuing long with the last impulsive wave (c) towards 1.45206.

Trade Recommendations:

Expect a possible rally towards 1.33015.

A lot of interesting information on the webinar!

Bob Stan
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