Bearish Pin bar on the daily chart | 03 Julio 2020
03 Julio 2020, GBP/USD
Wave Analysis
The previous day the British pound opened at 1.2468, went as high as 1.2529, but ended up closing at 1.2465 just a few pips below its opening price, the previous day's candle is a perfect bearish pin bar candle. As long as the price remains below the previous day's highest high, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of a corrective wave count and could see price break below 1.22540 towards 1.21310.
Trade Recommendations:
Remain short towards 1.21310.
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.
