We're o the sidelines | 04 Agosto 2021

04 Agosto 2021, GBP/USD

We're o the sidelines

Wave Analysis:

As it is right, the British pound is finding it hard breaking above the upper trendline. If the price fails to break beyond this trendline, then we are waiting for a signa that the last impulsive wave is ended so that we sell a correction towards the lower trendlines. Conservative traders should wait for a rejection from the upper trendline before they pick low risk sell positions.
Trade Recommendations:
We're o the sidelines

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.
Bob Stan
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