we're short towards the lower trendline. | 26 سبتمبر 2018
26 سبتمبر 2018, GBP/USD
Wave Analysis
For the past few days, the cable rallied intensely to the upperside and is now bouncing from the upper trendline. As long as the price remains below this trendline, we expect a possible momentum to the lowerside. The anticipated bearish price rally is the unfolding of the corrective wave (4) to the lowerside but should not break below the supportive trendline. And should the price rebound from this trendline, then this will be a good place to look for a long term long position with an ultimate target at 1.32960 or even higher.
Trade Recommendations:
we're short towards the lower trendline.
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.
