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Wait for low risk sell opportunities.

Wait for low risk sell opportunities. | 27 September 2019

27 September 2019, GBP/USD

Wait for low risk sell opportunities.

Technical Observation

GBPUSD is in an active downtrend. WHile the price is contained within this shape formation, I expect a possible surge even further to the lowerside with the next ideal take profit being 1.22505. On its way to the lowerside, the key lines to look for include 1.2300, 1.22755 and 1.22505. In case of a break below the last line, then further momentum to the lowerside is expected with the next ideal take profit being 1.22260. On this chart, only sell positions looks ideal and cane be recommended.

Trade Recommendations:

Wait for low risk sell opportunities.

TRADE METALS WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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