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.
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.
