Wait for a correction to pick a buy. | 13 Desember 2019
13 Desember 2019, GBP/USD
Wave Analysis
During the previous trading day, the corrective wave (2) bounced off perfectly from 1.3012 and could not break any lower. We expect the previous day's rally to the upper side to be the continuation of the impulsive wave (3) to the upper side and could see price break beyond 1.3550. As it is on the 4 hours chart attached, we recommend remaining flat and waiting for a possible correction before we pick a long positions. The anticipated bearish rally is a correction of the impulsive wave (3) but should not go beyond 1.3230.
Trade Recommendations:
Wait for a correction to pick a buy.
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.
