Conservative traders should wait and buy a bounce from1.27355.

14 February 2019, GBP/USD

Conservative traders should wait and buy a bounce from1.27355.

Wave Analysis

The cable continues to edge even lower, this is perfectly in line with what we forecasted during the previous trading. We still have our pending buy limit order fixed around 1.27355 and stop loss below 1.23200 and take profit at 1.42399. According to the current chart set up and structure, only buy positions looks more ideal, but in case the current month's candle close below 1.27355, then that will be a confirmation that we're continuing to the lowerside with an ultimate target at 1.18. As it is, we recommend looking for short orders but only up to 1.27355.

Trade Recommendations:

Conservative traders should wait and buy a bounce from 1.27355.

BECOME FRESHFOREX ANALYST!

Graham Osano
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 .
© 2004—2019 FreshForex – Forex broker
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Call

Get bonus

FreshForexInstant deposit