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we're sellers | 20 Julio 2018

20 Julio 2018, GBP/USD

we're sellers

Wave Analysis

During the previous trading day, the impulsive wave (c) extended slightly to the lowerside and is still pretty much bearish both on the daily and the weekly charts. Today and even during the coming week, we expect the impulsive wave (c) extended slightly to the lowerside and should extend further to the lowerside. If you're not short already, you should wait for slight pullbacks to pick low risk short positions with your take profit at 1.2725. If this target is broken, then expect a momentum towards 1.2425.

Trade Recommendations:

Sell the cable

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we're sellers

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Bob Stan
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