Sell positions are only recommended below 1.26941. | 01 November 2018

01 November 2018, GBP/USD

Sell positions are only recommended below 1.26941.

Wave Analysis

After hitting our take profit set at 1.26941, the cable is now retreating to the upperside. As long as the price remains above 1.26941, we expect a possible momentum to the upperside. However, should the price break below 1.26941, then this will be a good place to look for a long term short position. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should not go beyond 1.21331. If this target is broken, then further bearish momentum is expected with an ultimate target at 1.143.

Trade Recommendations:

Sell positions are only recommended below 1.26941.

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 .