Sell a break below 1.29215. | 04 نوفمبر 2019
04 نوفمبر 2019, GBP/USD
Wave Analysis
There's a possible opposite scenario on this pair. On 31st October, while MACD Peeked around 0.00101, price rallied around 1.29660, however, on Friday last week, while the price was back to 1.29660, MACD oscillator was around 0.0006, this situation is a possible opposite scenario which means the price will change direction, As long as the price is below the level 1.29660, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and may continue towards 1.29770.
Trade Recommendations:
Sell a break below 1.29215.
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.
