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Sell a break belpw 1.2216.

Sell a break belpw 1.2216. | 02 Octubre 2019

02 Octubre 2019, GBP/USD

Sell a break belpw 1.2216.

Technical Obeervation

Yesterday, Our pending sell was triggered when price went above 1.22701, we were however stopped out when price reached the highs of 1.23410. GBPUSD is still in an active downtrend, therefore, although there's a possible chance we could be continuing to the upperside, this move to the upperside is a mere correction and may not break above the 61.8% fib level, if price breaks higher, then the next best place to wait for a sell from is 50.0% fib level, 1.24257. One may also wait for a break below the previous day's lowest low to pick a sell.

Trade Recommendations:

Sell a break below 1.2216.

TRADE METALS WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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