Watching for a possible buy position towards 1.44913. | 17 Agosto 2021
17 Agosto 2021, GBP/USD
Wave Analysis
Despite the fact that the previous month's candle was a bullish pin bar candle, we are yet to see any clear moves to the upperside. As it on the monthly chart attached, we recommend looking for a possible long term buy position and should push the price above 1.44913 towards 1.77360. If the price breaks above this level, then further momentum to the upperside is expected. In case the price breaks below the previous month's lowest low, then we will be looking for a possible long term sell position towards 1.23389.
Trade Recommendations
Watching for a possible buy position towards 1.44913.
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.
