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Wait. | 27 April 2022

27 April 2022, GBP/USD

Wave Analysis;

The Great British Pound has been rallying around the upper trendline for quite sometimes now,the price is currently trading in a contracting wedge formation on a dowtrend.During the previous trading days ,the price bounced off from the upper trendline towards the lower side in continuation of the impulsive wave cycle five.Right now the price is on the lower trendline,if you are looking at this pair right now wait for a clear break below the lower trendline then pick a long term sell position.

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Bob Stan
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