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Sell a break below 1.29215.

Sell a break below 1.29215. | 04 November 2019

04 November 2019, GBP/USD

Wave Analysis

There's a possible opposite scenario on this pair. On 31st October, while MACD Peeked around 0.00101, price rallied around 1.29660, however, on Friday last week, while the price was back to 1.29660, MACD oscillator was around 0.0006, this situation is a possible opposite scenario which means the price will change direction, As long as the price is below the level 1.29660, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and may continue towards 1.29770.

Trade Recommendations:

Sell a break below 1.29215.

Bob Stan
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