Buy a sustained move above the previous week's highest high with an ideal target around 1.32981. | 13 Abril 2020
13 Abril 2020, GBP/USD
Wave Analysis
The previous week's candle opened at 1.22402 went as low as 1.21651 and as high as, 1.24861 but ended up closing at, 1.24616 just a few pips above the high of the previous week's candle. The Previous week ending 10th of March is a perfect Bullish engulfing candle, We are waiting for a clear breakout above the previous week's highest high with an ultimate target around 1.32981. Sustained move above the previous week's highest high will be a good confirmation that we are buyers.
Trade Recommendations:
Buy a sustained move above the previous week's highest high with an ideal target around 1.32981.
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.
