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Resell the cable from 1.24144.

Resell the cable from 1.24144. | 26 Septiembre 2019

26 Septiembre 2019, GBP/USD

Wave Analysis

During the previous trading day, the impulsive wave (c) continued massively to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price is contained below the hourly resistance level 1.24144, we're expecting a possible correction of the immediate impulsive wave (c) but should not go beyond 1.24144 where we're waiting to resell this pair. Conservative traders should wait for a break below the previous day's lowest low to pick a sell order.

Trade Recommendations:

Resell the cable from 1.24144.

TRADE METALS WITHOUT SWAPS!
Bob Stan
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