We're sellers towards 1.39940. | 04 June 2021

04 June 2021, GBP/USD

We're sellers towards 1.39940.

Wave Analysis

During the previous trading day, the British pound rallied to the lower side and is still very much bearish. As long as the price remains below the lower trend line, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.39940 and may extend much lower towards 1.39010. In case the price breaks above the immediate upper trend line, then we will be looking for long term buy orders.

Trade Recommendations:

We're sellers towards 1.39940.

Profit within arm’s reach The strategy's profitability over the past year and a half was 129%. The strategy has simple and understandable rules, trading on it takes 5 minutes a day. Inside you find the level of opening positions, Take Profit and Stop Loss levels. To ensure profitable trading, implement the FreshForex strategy today: 1) Deposit $90 or more in your trading account from June 2 to June 29, 2021. Your deposit is fully available for trading. 2) Send a request to school@freshforex.com and specify your account number. Make a note in the email that you want to receive a strategy.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus