Sell a break belpw 1.2216. | 02 October 2019
02 October 2019, GBP/USD
Technical Obeervation
Yesterday, Our pending sell was triggered when price went above 1.22701, we were however stopped out when price reached the highs of 1.23410. GBPUSD is still in an active downtrend, therefore, although there's a possible chance we could be continuing to the upperside, this move to the upperside is a mere correction and may not break above the 61.8% fib level, if price breaks higher, then the next best place to wait for a sell from is 50.0% fib level, 1.24257. One may also wait for a break below the previous day's lowest low to pick a sell.
Trade Recommendations:
Sell a break below 1.2216.
TRADE METALS WITHOUT SWAPS!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.
