We're watching for a possible long term sell position. | 13 Oktober 2021
13 Oktober 2021, GBP/USD
Wave Analysis:
During the previous trading day, the British pound closed as a bearish pin bar. However, ealier today, the price pulled back to the upperside and is not around the previous day;s hiughest high. This is the ideal place to consider a possible long term sell from. The idea is to watch for low risk sell positions on lesser timeframes like the 15 minuites chart and on the 5 minutes chart. On the flipside, should the pricde close above the previous day's highest high, then this wil be a ideal place to consider a possible long term buy position.
Trade Recommendations:
We're watching for a possible long term sell position.
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.
