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Wait and sell a clear breakout below the day's lowest low.

Wait and sell a clear breakout below the day's lowest low. | 24 June 2021

24 June 2021, GBP/USD

We're buyers with an ideal target set around 1.415

Wave Analysis
Since the previous day's analysis, nothing much has happened on this pair. The price is still rallyingg around the previous day's daily range. If the price can clearly breakout and close above the previous day's highest high, then further momentum to the upperside, and in case, the price breaks below the previous day's lowest low, then further momentum to the lowerside.If the price gives a sell signal around the previous day's highest high, then we're into a short term sell, and if the price bounces off from the previous day's lowest low, then we will be looking for a possible long term buy position.
Trade Recommendations:
Wait and sell a clear breakout below the day's lowest low.
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Bob Stan
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