Bullish pin bar candle | 18 فبراير 2019
18 فبراير 2019, GBP/USD
Wave Analysis
During the previous trading week, the cable opened at 1.29291, went as high as 1.29594 and as low as 1.277729 , but ended up closing at 1.2889 just a few pips below its opening price. The previous week's candle was a prefect bullish pin bar candle. And since the previous month's candle was a bullish continuation candle, we expect the previous week';s candle to drive price even higher towards 1.33020. and should price break above this level, then a move even higher is expected.
Trade Recommendation:
Look for a buy position towards 1.33320.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
