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Wait for a clear trading sign.

Wait for a clear trading sign. | 31 January 2022

31 January 2022, GBP/USD

Wait for a clear trading sign.

Wave Analysis:

This pair is on a downtrend the curent price rally to the upper side is the continuation of the the corrective wave count four,I expect a rebound to the lower side once the price riches the upper trendline in continuation of the impulsive wave cylcle five.On the flipside, should the price break aand close above the upper trendline, then 1.3445 would be a good place to pick a buy. As of now we are on hold waiting for a clear trade sign.

Trade Reccommendations:

Wait for a clear trading sign.

Bob Stan
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