We're short upon a clear bounce from 1.33059.

08 November 2018, GBP/USD

We're short upon a clear bounce from 1.33059.

Wave Analysis

After bouncing from the weekly support level 1.26941, the cable headed to the upperside and is still very bullish both on the weekly and the monthly chart. We're waiting for a clear sell signal around 1.33059, as it is on the weekly chart. According to the chart attached, we're expecting a momentum towards 1.33059. This is a weekly resistance level and should the price fail to breakout above it, then this will be a ideal place to look for a long term sell towards 1.26941. A break below this level will push the price further to the lowerside towards 1.21331.

Trade Recommendations:

We're short upon a clear bounce from 1.33059.

101% Double the volume

All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Graham Osano
Agree with the review?
Traders' opinion:
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 .
© 2004—2019 FreshForex – Forex broker
manager photo manager photo
We will be pleased to answer any questions you may have



Get bonus