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Wait. | 15 June 2022

15 June 2022, GBP/USD

Wave Analysis:

During the previous trading days, the price rebounded from the impulsive wave cycle three towards the upper trendline at the corrective wave cycle four, but then bounced off to the lower trendline at the impulsive wave cycle five. As at now, the price is on the impulsive wave cycle five, I expect a break below the lower trendline and a further bearish momentum. If you are currently looking at this pair, wait for a clear break below the lower trendline then pick a sell.

Trade Recommendations:

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Bob Stan
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