We're short towards 1.29 | 12 November 2018
12 November 2018, GBP/USD
Wave Analysis
the cable is currently trading with an increasing bearish bias momentum. Following the break below 1.3045, we expect further momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave v to the lower side and should break below 1.3005 towards 1.29 or even lower. According to the hourly chart attached, only a short position looks more ideal, but, should the price break above 1.3165, then this could price a good avenue for buyers to take a bit of control.
Trade Recommendations:
We're short towards 1.29
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.
