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Remain short | 13 November 2020

13 November 2020, GBP/USD

Remain short

Wave Analysis

The close of the previous trading day, saw Euro close on the sellers side. On this chart, we are looking for long term sell positions. If you are looking at this chart, keep looking for long term sell positions. The anticipated bearish price rally is the continuation of an impulsive wave count and could see price break below 1.30240 but should not break below the lower trendline. At this point, only sell positions looks ideal and safely be recommend towards the lower trndline, buy positions looks a bit risky and may not be recommended.

Trade Recommendations:

Remain short

Bob Stan
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