Buy the cable with your take profit at 1.30030. | 31 Octubre 2019
31 Octubre 2019, GBP/USD
Wave Analysis
On the 4 hours chart attached, the cable is headed to the upper side, we expect the bounce from 1.2800 to have marked an end to the corrective three wave cycle that the current bullish price rally is the continuation of the impulsive five wave cycle and should break above the recent highest high 1.30030 towards 1.3124 or even higher. This view is valid as long as the price is contained above 1.28000, if this level is broken, then a momentum towards 1.25630 or even lower is expected.
Trade Recommendations:
Buy the cable with your take profit at 1.30030.
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.
