Sell corrective wave 4,buy impulsive wave 5. | 12 Januari 2022

12 Januari 2022, GBP/USD

Sell corrective wave 4,buy impulsive wave 5.Wave Analysis:

This pair has been trading between the upper and the lower trendline,currently the price is at the upper trendline, I expect the price to continue to the lower side to complete the corrective wave 4 then proceeds upwards to complete impulsive wave 5 in accodance with the uptrend.Alternatively if the price breaks above the upper trendline from where it is currently,then that would be a good place to look for long term buy positions.

Trade Reccommendations:

Sell corrective wave 4,buy impulsive wave 5.

Bob Stan
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