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Wait for more buy opportunities.

Wait for more buy opportunities. | 18 October 2019

18 October 2019, GBP/USD

Wait and buy the cable from 1.27190.

Wave Analysis

After the end of the correction of the impulsive wave (iii), the cable spiked to the upperside and is currently above the end of the last impulsive wave (iii). As we mention during the previous trading day, as long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the last impulsive wave (v) and should breakout above 1.3012 towards 1.412 or even higher.

Trade Recommendations:

Wait for more buy opportunities.

Bob Stan
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