We're short from 1.30 | 03 أغسطس 2018

03 أغسطس 2018, GBP/USD

We're short from 1.30

Wave Analysis

During the previous trading day, the impulsive wave (c) stretched slightly lower than expected and even went below the weekly support level 1.30. This was significant move and as long as the price remains below this level, we expect a possible momentum to the lower side with the next ideal target at 1.27. If you're not already in a short position, you can still wait for a correction to the just broken to pick a low risk short position with your first take profit at 1.2725 and the next ideal take profit at 1.196210.

Trade Recommendations:

We're short from 1.30

101% Double the volume

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Bob Stan
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