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Resell the cable from 1.2317 with your stoploss above 1.23480 and take profit at 1.22540.

Resell the cable from 1.2317 with your stoploss above 1.23480 and take profit at 1.22540. | 27 September 2019

27 September 2019, GBP/USD

Resell the cable from 1.2317 with your stoploss above 1.23480 and take profit at 1.22540.

Wave Analysis

The Close of the previous day saw the cable break below 1.23390. This was a major move and following the just witnessed break below yesterday's lowest low, I expect nothing but a possible momentum even further to the lowerside. The idea is not to look for a sell position now, rather, wait for a pullback towards 1.2317 to pick a low risk sell order. Conservative traders should have pending orders around this level with their stoploss above 1.23480 and their take profit levels around 1.22540.

Trade Recommendations:

Resell the cable from 1.2317 with your stop loss above 1.23480 and take profit at 1.22540.

TRADE METALS WITHOUT SWAPS!

Bob Stan
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