Wait and sell a rebound from the upper trendline. | 03 سبتمبر 2021
03 سبتمبر 2021, GBP/USD
Wave Analysis:
During the previous trading day, the British pound rallied to the upperside but could not break above the upper trendline. As long as the price remains below the upper trendline, we are looking for a possible long term sell position. This is the continuation of an impulsive wave count and should see the price break below the lower trendline. As it is right now, we are looking for a possible long term sell position. On the flipside, should the price break above the upper trendline, the upper trendline, then we will be looking for the possibility that the price may extend much higher.
Trade Recommendations:
Wait and sell a rebound from the upper trendline.
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.
