we're short below 1.2940 | 23 اكتوبر 2018
23 اكتوبر 2018, GBP/USD
Wave Analysis
Earlier this trading day, The cable bounced off from the lower trendline and is currently heading to the upperside, we expect this upward rally to be the continuation of a corrective three wave cycle and should break above 1.3020 towards the upper trendline. If this trendline is breached to the upperside, then this will be a good place to look for a long term long position with an ultimate target at 1.3245. And on the lowerside, should the price break below 1.2940, then this will be a good place to look for a long term short position.
Trade Recommendations:
we're short below 1.2940
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.
