Wait for a correction towards 1.23444 to pick a low risk sell order. | 03 سبتمبر 2019
03 سبتمبر 2019, GBP/USD
Wave Analysis
The previous month's candle was a perfect indecision candle below a key monthly level 1.23444-1.22377. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of both the impulsive wave s 5 and (v) and should continue steeply but should not go beyond 1.13375 by the end of this month. As it is, conservative traders should wait for a pullback towards 1.23444 to pick a low risk sell order.
Trade Recommendations:
Wait for a correction towards 1.23444 to pick a low risk sell order.
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.
