Wait for a possible short term sell towards 1.26781. | 13 March 2019

13 March 2019, GBP/USD

Wait for a possible short term sell towards 1.26781.

Wave Analysis

The cable is currently trading around 1.03186. The price is below a key weekly line 1.31820 and while the price is contained below this line, we expect a possible correction of the main impulsive wave (c) to the lowerside but should not go beyond 1.27308 where we'll be looking to rebuy the last impulsive wave (b) with an ultimate target at 1.45206. This view can only be invalidated in case the price breaks below 1.26781, if this is the case, then we'll expect a possible steep decline towards 1.21310.

Trade Recommendations:

Wait for a possible short term sell towards 1.26781.

A lot of interesting information on the webinar!wa

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