Wait | 15 August 2018
15 August 2018, GBP/USD
Technical Observation
GBP is currently rallying around 1.2708. As I mentioned yesterday unless the price is clearly below the daily support line 1.2738, I'm patiently waiting for a breach below it to pick a long term short position with an ideal take profit at 1.2112. If you're not short already wait for a breakout below this level to pick a short position. ON the other side, should the price get back above 1.2734, then this will be a good place to look for a long term long position with the first take profit at 1.3483 and the next at 1.4352. Alternatively, you could be flat and wait for a break below 1.27.
TRade Signal.
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101% Double the volume
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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.
