Waiting to rebuy the cable | 05 Maret 2019

05 Maret 2019, GBP/USD

Wave Analysis

During the previous trading day, the cable pulled to the lowerside and is currently breaking below 1.31820. According to the monthly chart, this pair should be heading upwards, which means the current bearish price rally is a mere correction to the lowerside but should not close below 1.31820. As it is, if you can see any clear buy signal, then we'll be looking for a buy order towards 1.45206. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should first break and close above the previous week's highest high before a move even higher is seen.

Trade Recommendations:

Wait to rebuy the cable towards 1.45206.

A lot of interesting information on the webinar!

Bob Stan
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