We're short towards 1.2725 | 09 August 2018

09 August 2018, GBP/USD

We're short towards 1.2725

Wave Analysis

During the previous trading day, the impulsive wave (c) extended significantly to the lower side and is still pretty much bearish both on the daily and the weekly charts, as we mentioned during the previous trading day, as long as the price remains below 1.30308, we expect further momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) and should breakout below 1.27252, but should not go lower than 1.2000. At the moment, only short positions can be recommended.

Trade Recommendations:

We're short towards 1.2725

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .