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We're short from 1.2977

We're short from 1.2977 | 21 August 2018

21 August 2018, GBP/USD

We're short from 1.2977

Wave Analysis

Since the beginning of this week, the Corrective wave (4) has continued to the upper side and is still pretty much bullish both on the daily chart, but bearish on the weekly chart. If you're not already in long position, you could still consider a picking a buy position towards 1.2977, alternatively, you could wait and pick a long term short position from 1.2977. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should break below 1.2655 but should not go beyond 1.25.

Trade Recommendations:

We're short from 1.2977

101% Double the volume

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