Wait and buy the cable from 1.27190. | 17 اكتوبر 2019
17 اكتوبر 2019, GBP/USD
Wave Analysis
Perfectly as per the previous day's forecast, we expected a possible rally to the upperside which happened just like indicated in the forecast. We expect the rebound from 1.28820 to have marked an end to the impulsive wave (iii) that the current bearish price rally is the continuation of the corrective wave (iii) to the lowerside but should not go beyond the end of the first impulsive wave (i). Conservative traders should wait for a clear rebound from 1.27190 to pick a low risk buy order with an ultimate target at 1.29220.
Trade Recommendations:
Wait and buy the cable from 1.27190.
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.
