We're o the sidelines | 04 August 2021
04 August 2021, GBP/USD
Wave Analysis:
As it is right, the British pound is finding it hard breaking above the upper trendline. If the price fails to break beyond this trendline, then we are waiting for a signa that the last impulsive wave is ended so that we sell a correction towards the lower trendlines. Conservative traders should wait for a rejection from the upper trendline before they pick low risk sell positions.
Trade Recommendations:
We're o the sidelines
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.
