Still short | 20 Agosto 2018
20 Agosto 2018, GBP/USD
Wave Analysis:
During the previous trading week, both the impulsive waves (c) and (v) extended significantly to the lower side and is still pretty much bearish both on the daily and the weekly charts. A key resistance can be seen around 1.3040, as long as the price remains below this level, we expect a possible momentum to the lower side. The anticipated bearish price rally is the continuation of both the impulsive waves (v) and (c) and should break below 1.26 but should not go lower than 1.20.. A buy position can only be recommended in case the price break above 1.32.
Trade Recommendations:
We’re short
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
