We're sellers | 08 May 2019

08 May 2019, GBP/USD

We're sellers

Wave Analysis

The current dominant trend on this pair is downwards. Yesterday, the price went below a key level 1.30910 and is still pretty much below it. We're eyeing a possible bounce from the level 1.3000 to pick a low risk buy, but should price breakout below, then this will be a good place to look for a long term sell order towards 1.28835. If you're a bit skeptic to look for a sell towards 1.3000, you could have your pending buy limit from 1.3000 with your stop loss below 1.29430, and take profit at 1.32985.

Trade Recommendations:

Buy the cable from 1.3000 take profit at 1.32985.

TRADING STRATEGY FOR FREE!

Bob Stan
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