Waiting for a bounce from 1.2977 | 23 أغسطس 2018
23 أغسطس 2018, GBP/USD
Wave Analysis
The corrective wave (4) failed to head towards 1.2977, instead the pair rebounded 1.2852 and is now heading to the lowerside. We still have our pending sell trade around 1.2977 and is holding. Our expectations is that the current downward rally is just a minor move and should not go beyond 1.2755. We're still waiting for a bounce 1.2977 to sell the impulsive wave (5) at the least risk possible, with this position, we expect a possible momentum to the lower side and should break below 1.2655 towards 1.25 or even lower.
Trade Recommendation
Waiting for a bounce from 1.2977
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
