We're short | 23 April 2019
23 April 2019, GBP/USD
Wave Analysis
The cable is currently trading within a declining wedge formation. As long as the price is contained below the zone 1.30081-1.30098, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of both the impulsive waves (v) and (c) and should extend massively to the lowerside. basically, this pair is bearish, therefore only sell positions looks ideal. As it is, we're waiting for a breakout below the previous day's lowest low to pick a low risk sell order.
Trade Recommendation:
We're short
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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.
