Wait for a pullback to pick a low risk sell position. | 25 Marzo 2021
25 Marzo 2021, GBP/USD
Wave Analysis
Just as previously anticipated the British pound continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. While the price remains below the Alligator indicator lines, we are looking for nothing but long term sell positions. Our expectations is that the price should continue to the lowerside and should breakout below 1.35 towards 1.32 and could breakout much lower. And in case the price break above the upper blue line, then further momentum much higher is excepted
Trade Recommendations:
Wait for a pullback towards 1.3750 to pick a low risk sell position.
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.
