We're sellers | 05 November 2021
05 November 2021, GBP/USD
Wave Analysis:
The British pound is currently in an active downtrend. As long as the price remains below the previous day's lowest low, we are sellers. The ideal situation on his chart is to watch for price around the previous candle's mid price to pick a possible long term sell position with an ideal target set around 1.340 and may extend much lower. As it is right now, I recommend looking for a possible sell position,
buying, or holding onto a position on this chart looks a bit risky and cannot be recommended.
Trade Recommendations:
We're sellers
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.
