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We're still short

We're still short | 25 October 2018

25 October 2018, GBP/USD

We're still short

Wave Analysis

Perfectly as we said previously, the cable continued to rally to the lower side and is still pretty much bearish both on the daily and the weekly charts. Following the break below 1.2945, we expect further momentum to the lower side with an ultimate target at 1.2512 or even lower. According to the current hourly chart, we expect nothing but a possible momentum to the lower side, we therefore recommend looking for a possible correction towards 1.2945 to pick this short position at the least risk possible.

Trade Recommendations:

We're still short

101% Double the volume

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