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waiting for a possible buy

waiting for a possible buy | 20 November 2019

20 November 2019, GBP/USD

waiting for a possible buy

Wave Analysis

During the previous trading day, the corrective wave (4) continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below 1.2980, we expect nothing but a possible momentum to the lowerside, we are waiting for a clear breakout above 1.2980 to confirm that we are continuing to the upperside with an ultimate target at 1.3020. And on the flipside, should the price move to the lowerside, then only a break below 1.2820 will move to the lowerside.

Trade Recommendations:

waiting for a possible buy.

Bob Stan
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