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Wait. | 16 May 2022

16 May 2022, GBP/USD

Wave Analysis:

During the previous forecast, the price had been rallying between the upper and the lower trendline for a while, recently the price bounced off from the upper trendline towards the lower trendline in continuation of the impulsive wave cycle five, I still expect a further bearish momentum. If you are looking at this pair right now, wait for the price to break below the lower trendline then pick a sell.

Trade Recommendation:

Wait.

Bob Stan
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