Remain short with an ultimate target at 1.27300. | 20 نوفمبر 2020
20 نوفمبر 2020, GBP/USD
Wave Analysis
After a rally to the lowerside during the previous trading day, the British pound continues to move much lower. On this chart, we are looking for long term sell positions. Basically, we are expecting price to continue to the lowerside towards the lower trendline and may likely break below it. As it is now, we are on a sell we took previously, our stop loss is fixed above this week's highest high and take profit is fixed along the lower trendline. Should the price break below this trend line, we will continue short towards 1.28000.
Trade Recommendations:
Remain short towards 1.27300.
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.
