Wait. | 16 May 2022
16 May 2022, GBP/USD
Wave Analysis:
During the previous forecast, the price had been rallying between the upper and the lower trendline for a while, recently the price bounced off from the upper trendline towards the lower trendline in continuation of the impulsive wave cycle five, I still expect a further bearish momentum. If you are looking at this pair right now, wait for the price to break below the lower trendline then pick a sell.
Trade Recommendation:
Wait.
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.
