Sell the cable with your take profit at 1.2585. | 08 November 2019

08 November 2019, GBP/USD

Wave Analysis

Instead of bouncing off of the supportive trendline as previously forecasted, the cable rallied to the lowerside and even went below the supportive trendline. As long as the price is contained below this trendline, we expect noting but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.2720 towards 1.2540 or even lower. This view can only be invalidated in case the price again break above the same trendline.

Trade Recommendations:

Sell the cable with your take profit at 1.2585.

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