Sell a break below the previous day's lowest low. | 17 Marzo 2020
17 Marzo 2020, GBP/USD
Wave Analysis
Despite the previous forecast that this pair could spike to the lower side, nothing much appears to be happening so far, we are expecting a possible break below 1.22360 to pick a possible long term sell order towards 1.2145 and could head much lower towards 1.20. As it is now, only sell positions looks ideal and can be recommended, but should the price break above the previous day's highest high, then we will be waiting for a break above 1.25350 to pick a long term buy order towards 1.26630.
Trade Recommendations:
Sell a break below the previous day's lowest low.
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.
