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Remain short

Remain short | 11 August 2020

11 August 2020, GBP/USD

Remain short

Wave Analysis

During the previous trading day, nothing much happened on the British pound, we expected a possible continuation to the lower side, instead, the price moved just slightly to the lower side. And should the price breakout above the Alligator indicator attached, then this will be a good place to consider a possible long term buy positions. As it is now, we are still looking for long term sell positions towards 1.27975 and could continue to the lower side with an ultimate target around 1.25290.

Trade Recommendations:

Remain short

Bob Stan
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