Place a pending buy limit order around 1.27355 | 07 Februari 2019
07 Februari 2019, GBP/USD
Wave Analysis
The cable is currently trading with an increasing bearish bias momentum. Yesterday, this pair rushed to the lower side but is still above our demand level set at 1.27355. As long as the price remains above 1.27355, we're looking for a possible long term buy. Conservative traders should have their pending buy limit order around 1.27355 with their stop loss below last month's lowest low and take profit at 1.33390. And should price close below 1.27355 by the end of this month, then this will be a good place to look for a sell.
Trade Recommendations:
Place a pending buy limit order around 1.27355
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.
