Only sell a clear breakout below 1.2768 with your take profit at 1.2100. | 29 November 2018

29 November 2018, GBP/USD

Only sell a clear breakout below 1.2768 with your take profit at 1.2100.

Wave Analysis

Yesterday, the cable failed to sustain the break below 1.2764, instead, the price pulled back higher and is now above 1.2768. As long as the price remains above this level, we're likely to see a scenario where this pair could gain value intensely towards 1.3301. Currently as of writing this article, the best we should do is to remain on the sidelines. But in case of a a second break below 1.2768, with a big red candle, then this will be an ideal case to hunt for a long term short with an ultimate target at 1.2100.

Trade Recommendations:

Only sell a clear breakout below 1.2768 with your take profit at 1.2100.

Be the first to get $5 for participation in the webinar 8.30 GMT!

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus