Wait | 31 اكتوبر 2018
31 اكتوبر 2018, GBP/USD
Wave Analysis
Finally, the cable has hit our take profit set at 1.27233. If you still have this trade open, then you can take profits now, if not, then wait for a clear breakout below 1.27233, then pick a long term short position. The anticipated bearish price rally is the continuation of the impulsive wave (c) and should head towards the daily support 1.21331, if this support is broken, then further momentum to the lower side is expected with the next ideal target being 1.20. This view can only be invalidated in case the price bounce from 1.27233.
Trade Recommendations:
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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.
