We're short towards 1.2725 | 09 Agustus 2018
09 Agustus 2018, GBP/USD
Wave Analysis
During the previous trading day, the impulsive wave (c) extended significantly to the lower side and is still pretty much bearish both on the daily and the weekly charts, as we mentioned during the previous trading day, as long as the price remains below 1.30308, we expect further momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) and should breakout below 1.27252, but should not go lower than 1.2000. At the moment, only short positions can be recommended.
Trade Recommendations:
We're short towards 1.2725
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.
