Sell the cable now | 25 October 2019

25 October 2019, GBP/USD

Sell the cable now

Wave Analysis

The cable continues to make lower lows after hitting the high of 1.2990. We expect the bounce from this level to have marked an end to the previous impulsive five wave cycle, that the current bearish price rally is the continuation of the corrective three wave cycle and could see the price break below 1.27450 or even lower. As long as the price is contained below the previous week's highest high, we expect nothing but a possible momentum to the lower side, the idea is to loopk for low risk sell orders.

Trade Recommendations:

Sell the cable now

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