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Sell a break below 1.29730.

Sell a break below 1.29730. | 13 May 2019

13 May 2019, GBP/USD

Sell a break below 1.29730.

Trade Recommendations:

The cable is currently trading with an increasing bearish bias momentum. As long as the price remains below the bearish cloud, we expect nothing but a possible momentum to the lowerside. Conservative traders should wait for a break below 1.29730 to confirm that we're short. The anticipated bearish price rally is the continuation of the impulsive wave (5) and should continue towards 1.28 or even lower to 1.27. As it is, the ideal move is to wait for aretracement back to 1.30018 to pick a low risk sell order.

Trade Recommendations:

Sell a break below 1.29730.

Bob Stan
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