Remain short towards 1.20011 | 25 April 2019
25 April 2019, GBP/USD
Wave Analysis
The cable is currently trading with an increasing bearish bias momentum. Following the breakout below 1.30103, we had a pending sell limit order around 1.29526. The price triggered this trade and we're currently in a sell trade. As long as the price remains confined below 1.29526, we're looking for sell orders. The anticipated bearish price rally is the continuation of the impulsive wave (E) and should extend lower towards the next key level 1.20011. If you're not in a short position right now, you can wait for retracements.
Trade Recommendations:
Remain short towards 1.20011
Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.
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.
