Buyers are in control, but wait for a buy around 1.3791. | 21 October 2021
21 October 2021, GBP/USD
Wave Analysis
During the previous trading day, the British pound opened at 1.3791, went as low as 1.3741 and as high as 1.3834 but ended up closing as a bullish pin bar candle. The previous day's candle is bullish contnuation candle and could mean we are now buyers, the idea on this chart is to watch for a possible pullback towards the previous day's opening price to pick a possible long term buy position towards 1.3865. As it is right now, only buy positions looks ideal and can safely be recommended.
Trade Recommendations:
Buyers are in control, but wait for a buy around 1.3791.
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.
