We're having a pending buy limit order around 1.27355 with our take profit at 1.42339. | 08 فبراير 2019
08 فبراير 2019, GBP/USD
Wave Analysis
After a drastic decline seen during the previous trading, the cable pulled back upwards and even closed above its opening. The previous day's candle is a possible indication that the buyers are coming in, but as we mentioned previously, the best place to buy this pair is around 1.27355. The level 1.27355 is a major level and as long as the price remains above it, we choose to have a pending buy limit around this level and a stop loss below 1.23870 and take profit at 1.42339. Conservative traders should remain flat and wait.
Trade recommendations:We're having a pending buy limit order around 1.27355 with our take profit at 1.42339.
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.
