Sell a bounce from the upper trendline. | 02 ديسمبر 2019
02 ديسمبر 2019, GBP/USD
Wave Analysis
The cable is currently rallying within a range, not going above the upper trendline or below the supportive trendline. These are key diagonal levels and while the price is not above to clearly breakout above or below them,we choose to trade reversals. basically, we are waiting for a breakout above the upper trendline to pick a buy, or a break below the supportive trendline to pick a sell. ON the 4 hours attached, we;re expecting a possible bounce from the supportive trendline to pick a long term sell.
Trade Recommendations:
Sell a bounce from the upper trendline.
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.
