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We're buyers towards the upper trendline.

We're buyers towards the upper trendline. | 15 October 2021

15 October 2021, GBP/USD

Wave Analysis:

Just as previously forecasted, the British pound continued to the upperside and even hit our stop loss. As long as the price remains above the previous day's highest high, we are now buyers, basically, we are expecting a possible rally towards 1.45 and may extend much higher. On the flipside, in case the price breaks and closes below the previous day's lowest low, then we will be looking for a possible long term sell position.
Trade Recommendations
We're buyers towards the upper trendline.
Bob Stan
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