Waiting for a possible sell from 1.21286. | 25 Maret 2020
25 Maret 2020, GBP/USD
Wave Analysis
At this point, we're waiting for a sell from around 1.21286-1.20334. As long as the price remains below this zone, we are waiting for a bounce from it to pick a long term sell order. The anticipated bearish price rally is the continuation of both the impulsive waves (E) and (V) and should break below 1.13385 towards 1.11212. We expect the bullish move seen from Monday this week to be the unfolding of a correction and should not go beyond 1.21286 where we'll be looking for a long term sell order.
Trade Recommendations:
Waiting for a possible sell from 1.21286.
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.
