Remain short. | 19 Marzo 2020
19 Marzo 2020, GBP/USD
Wave Analysis
During the previous trading day, the impulsive wave (c) spiked massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. Following the break below 1.20590, we expect further momentum to the lower side, as it is now, we are likely to see a possible bounce back to the upper side to pick a low risk sell order from, 1.20590. If you are looking for a trade on this chart, wait for a possible retracement to pick a low risk sell order with an ultimate target around 1.2059.
Trade Recommendations:
Remain short.
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.
