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Waiting for a sell from 1.29275.

Waiting for a sell from 1.29275. | 05 November 2019

05 November 2019, GBP/USD

Waiting for a sell from 1.29275.

Wave Analysis

During the previous trading day, the last impulsive wave (c) of the corrective three wave cycle continued significantly to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As it is on the 30 minutes chart attached, I'm, expecting a possible bullish correction towards 1.29275 to pick a long term sell order. This view can only be invalidated in case the price breaks below 1.29645, then this will be a good confirmation that we are continuing to the upperside towards 1.30.

Trade Recommendations:

Waiting for a sell from 1.29275.

Bob Stan
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