we're short | 24 August 2018

24 August 2018, GBP/USD

we're short

Wave Analysis

Few days ago, the corrective wave (4) headed significantly to the upper side but could not go above 1.2960, we expected a momentum towards this level then a rebound to pick a short position, however, at the moment, the rebound from 1.29 seems to have marked an end to the corrective wave (4), that the current bearish price rally is the continuation of the impulsive wave (5) to the lower side and should first break below 1.2645. If this should be the case, then further bearish momentum is expected.

Trade Recommendation

we're short

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .