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Look for low risk buy positions.

Look for low risk buy positions. | 22 July 2020

22 July 2020, GBP/USD

Look for low risk buy positions.

Wave Analysis

During the previous trading day, the impulsive wave (v) continued to the upper side and even went above the converge formation, as long as the price remains above this trendine, we expect nothing but a possible momentum to the upper side, the idea is to keep looking for long term buy positions towards 1.2831 or even higher. If you are looking at this chart now, keep looking for long term buy positions towards the next levels. The ideal is o wait for a pullback to pick a low risk buy position.

Trade Recommendations:

Look for low risk buy positions.

Bob Stan
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