We're still short | 25 اكتوبر 2018
25 اكتوبر 2018, GBP/USD
Wave Analysis
Perfectly as we said previously, the cable continued to rally to the lower side and is still pretty much bearish both on the daily and the weekly charts. Following the break below 1.2945, we expect further momentum to the lower side with an ultimate target at 1.2512 or even lower. According to the current hourly chart, we expect nothing but a possible momentum to the lower side, we therefore recommend looking for a possible correction towards 1.2945 to pick this short position at the least risk possible.
Trade Recommendations:
We're still short
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.
