Wait for a bounce from the supportive trendline to pick a low risk buy position. | 24 Agosto 2020

24 Agosto 2020, GBP/USD

Wait for a bounce from the supportive trendline to pick a low risk buy position.

Wave Analysis

The British pound continues to consolidate in an upwards manner. While we're seeing sustenance within the two trendline, we expect nothing but a possible momentum to the upperside, then current move we are seeing to the lowerside is just but a correction to the lowerside but should not go below the supportive trendline. In case the price breaks and closes below the supportive trendline, then this will be a good chance to keep looking for long term sell position with an ultimate target around 1.27600.

Trade Recommendations:

Wait for a bounce from the supportive trendline to pick a low risk buy position.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.