Hi traders,
I think the GBP is weak. Last week this pair finished the ending diagonal and made an impulsive leg down. This week you can look for a correction on a smaller timeframe and sell for a long period to minimal the price area of 1.3650's. I think this pair is now in the beginning of wave C of a larger flat correction.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
I think the GBP is weak. Last week this pair finished the ending diagonal and made an impulsive leg down. This week you can look for a correction on a smaller timeframe and sell for a long period to minimal the price area of 1.3650's. I think this pair is now in the beginning of wave C of a larger flat correction.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading