we're looking for a short position now | 11 September 2018

11 September 2018, GBP/USD

we're looking for a short position now

Wave Analysis

The previous day only, the cable pulled back massively to the upper side and is now at a weekly resistance level 1.30403. As long as this level protects the upper side, we're clearly waiting for a clear rebound from this level to pick a long term short position with an ultimate target at 1.19170. If you're not short already, you can wait for a false breakout above this level to pick a long term short position towards 1.26. This view can only be invalidated in case the price breaks above 1.30401, if this is the case, then an impulsive wave count further upwards is expected.

Trade Recommendations:

we're looking for a short position now

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus