Still within the sellers teritory | 04 Juli 2018
04 Juli 2018, GBP/USD
Wave Analysis
After the bullish pin bars seen for two weeks in a raw, the cable is still yet to show any clear moves to the upper side. As we forecasted previously, as long as the price remains below 1.32965, we expect a possible bearish rally towards 1.27252. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and may breakout below 1.27252 but should not go beyond 1.20000. This view can only be invalidated in case the price breaks above 1.32965, if this is the case, then we're upwards.
Trade Recommendations:
Still within the sellers teritory
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.
