Resell the cable around 1.35912 | 10 May 2018

10 May 2018, GBP/USD

Wave Analysis

Since breaking below 1.35912, the cable is yet to make any clear move to the lower side, instead, the cable is still consolidating below this level and is yet to give any clear direction, we expect halt around 1.3496 to have marked the end of the first impulsive wave a, that the current consolidation below 1.35912 is the unfolding of the corrective wave b and should not go beyond the level 1.35912 where we'll be looking to sell the last impulsive wave c with our first target at 1.33051 and the next target at 1.26974.

Trade Recommendations:

Resell the cable around 1.35912 towards 1.33051.

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus