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Look for long term sell orders,

Look for long term sell orders, | 15 August 2019

15 August 2019, GBP/USD

Look for long term sell orders,

Wave Analysis

The cable is currently trading with an increasing bearish bias momentum. As long as the price remains below 1.24778, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of both the impulsive waves (c) and 5, and could break below 1.18175 towards 1.15 or even lower. The best is not to wait for a sell now, rather wait for retracements to pick a sell.
Trade Recommend ions:
Look for long term sell orders,
Bob Stan
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