Sell the cable from 1.2930. | 26 April 2019
26 April 2019, GBP/USD
Wave Analysis
Yesterday, the cable went massively to the lowerside but ended up closing as a bullish pin bar on the daily chart. This is however not a good sign that this pair will head to the lowerside. Today, and in the next few days, expect a possible correction to the upperside but should not go beyond 1.2930 where we'll be looking to resell both the impulsive waves (v) and (c). If you're already in a short position, keep this position open, if not, you can have your pending sell limit order as mentioned above.
Trade Recommendations:
Sell the cable from 1.2930.
Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.
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.
