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Wait | 04 November 2020

04 November 2020, GBP/USD

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Wave Analysis

During the previous trading day, our stops were taken out when the price went way beyond our SL hitting the highs of 1.31300 today. On this chart, we are still waiting for more bearish pullback to give us good place to consider a possible buy position. And in case the price breaks and closes below the previous day's lowest low, then this will be a good place to consider a possible long term sell position with an ultimate target set around 1.28475 and could breakout much lower towards 1.2700.

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Bob Stan
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