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.
Origin: FreshForex
