Still Bullish on the intraday charts | 30 Agustus 2018
30 Agustus 2018, GBP/USD
Wave Analysis
During the past trading day, the corrective three wave cycle rallied to the upperside but is still within the expanding wedge formation. We expect the impulsive wave (c) to continue to the upperside and should rebound from the upper trendline. While the price is still within the expanding channel formation, we expect a possible momentum to the lowerside in the long run. You could wait for a possible end of the impulsive wave (c) from the upper trendline to pick a long term short position.
Trade Recommendation
still long towards the upper trendline
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.
