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Waiting for a possible buy.

Waiting for a possible buy. | 12 Marzo 2020

12 Marzo 2020, GBP/USD

Wave Analysis

The cable pulled back massively to the lower side and is currently around the end of the corrective wave (4). As long as the price remains above the end of this corrective wave, I'm waiting for a possible bounce from within 1.26720-1.2700 to pick a possible long term buy positions towards 1.34085. This view remains valid while the price is above 1.26720, if the price breaks and closes below this level, then this will mean we are continuing to the lower side with an ultimate target around 1.20720.

Trade Recommendations:

Waiting for a possible buy.

Bob Stan
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