Still sellers dominating | 16 August 2018
16 August 2018, GBP/USD
Technical Observation
GBP is currently rallying around 1.2715. Yesterday, GBP declined steadily and is still showing signs of continuing even lower. While the price is below the line 1.2738, I expect a spike to the lowerside with my ideal take profit at 1.2117. On its way to the lowerside the key lines to look for include 1.2445, 1.2262, and 1.21. If these lines are clearly broken, then I expected further bearish momtum. As it is, only sell position looks ideal, but should the price break above 1.2738, then this could offer me a good buy place.
Trade Signal.
Still sellers dominating
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.
