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we're short

we're short | 04 October 2018

04 October 2018, GBP/USD

we're short

Wave Analysis

GBP is currently trading with an increasing bearish bias momentum. As long as the price is below 1.2945, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of both the impulsive waves (v) and (c) and should break below 1.2895 towards 1.20 or even lower towards 1.19 or even lower. According to the hourly chart attached, we're waiting for further corrections to the upper side to pick a long term short position with an ultimate target at 1.20.

Trade Recommendations:

we're short

101% Double the volume

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