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Sell the cable from 1.2930.

Sell the cable from 1.2930. | 26 Abril 2019

26 Abril 2019, GBP/USD

Wave Analysis

Yesterday, the cable went massively to the lowerside but ended up closing as a bullish pin bar on the daily chart. This is however not a good sign that this pair will head to the lowerside. Today, and in the next few days, expect a possible correction to the upperside but should not go beyond 1.2930 where we'll be looking to resell both the impulsive waves (v) and (c). If you're already in a short position, keep this position open, if not, you can have your pending sell limit order as mentioned above.

Trade Recommendations:

Sell the cable from 1.2930.

Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.

Bob Stan
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