Flat temporarily. | 02 Mei 2018
02 Mei 2018, GBP/USD
Wave Analysis
The cable traded massively to the lower side and is currently approaching a key daily support level 1.35899. Our take profit was taken out, now, we're waiting for either a rebound from 1.35899 to pick a long position, or a break below 1.35899 to pick a short position with an ultimate target at 1.30440. If there's a break below 1.35899, then this will be the continuation of the impulsive wave (c) to the lower side, while if the price rebound from 1.35899, then I'll consider a long position with an ultimate target at 1.43750.
Trade Recommendations:
Flat temporarily.
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.
