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We're o the sidelines

We're o the sidelines | 04 August 2021

04 August 2021, GBP/USD

We're o the sidelines

Wave Analysis:

As it is right, the British pound is finding it hard breaking above the upper trendline. If the price fails to break beyond this trendline, then we are waiting for a signa that the last impulsive wave is ended so that we sell a correction towards the lower trendlines. Conservative traders should wait for a rejection from the upper trendline before they pick low risk sell positions.
Trade Recommendations:
We're o the sidelines
Bob Stan
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