Buy the cable now | 14 Juni 2018
14 Juni 2018, GBP/USD
Wave Analysis
The previous day's candle is a perfect engulfing bullish pin bar candle. And since a fortnight ago, the weekly candle was a perfect bullish pin bar candle, we expect a possible momentum to the upper side. Ideally, we expect the rebound from 1.32991 to have marked the end of the impulsive wave (c), that the current upward rally is the unfolding of an impulsive five wave cycle and should first breakout above 1.36220 before a move to the upper side is seen. This view can only be invalidated in case the price breaks below 1.32991.
Trade Recommendations:
Buy the cable now towards 1.42460.
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
