Wait for a clear break below 1.2764 to pick a long term short position towards 1.2100. | 07 Diciembre 2018

07 Diciembre 2018, GBP/USD

Wave Analysis

Just as in the euro, there's not much happening on the cable. We're waiting for a clear breakout below 1.2768 to confirm that we're short with an ultimate target at 1.2100. This downward rally is highly anticipated since the previous months candle was a perfect bearish candle and as long as the price remains below 1.2878, we expect nothing but a possible momentum the lowerside. The ideal here is to wait for a clear break below 1.2768 to pick a short position. The anticipated bearish price rally is the continuation of the impulsive wave (c) and should go beyond 1.2330 towards 1.2100.

Trade Recommendations:

Wait for a clear break below 1.2764 to pick a long term short position towards 1.2100.

Be the first to get $5 for participation in the webinar 8.30 GMT!

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.