Conservative traders should wait and sell a break below 1.28920 with their target at 1.27188. | 30 Octubre 2020

30 Octubre 2020, GBP/USD

Conservative traders should wait and sell a break below 1.28920 with their target at 1.27188.

Wave Analysis

The British pound successfully broke below the supportive trendline. While the price remains below this trendline, we are looking at the level 1.28920 as a possible turn around point. And in case the price breaks and closes below this level, then further momentum much lower is expected towards 1.27188. A bounce from this level, 1.28920 may not mean we are upwards but we are just pulling back upwards with our target at 1.29820. On this chart, conservative traders should wait and sell a clear breakout below 1.28920 with target at 1.27188.

Trade Recommendations:

Conservative traders should wait and sell a break below 1.28920 with their target at 1.27188.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus