Sell the cable from 1.33042. | 15 October 2018
15 October 2018, GBP/USD
Wave Analysis:
On this chart, there’s a key resistance around 1.33042. We expect the price to rise towards this resistance so that we can pick a low risk sell opportunity towards 1.27700 or even lower. Should the price break above 1.33042, then we’ll wait for a retracement to the just broken line to pick a low risk buy opportunity with an ultimate target at 1.43140. If you’re not already in a buy position, you could place a pending sell limit order at 1.33042 with your stop loss slightly higher.
Trade Recommendations:
Sell the cable from 1.33042.
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.
