Remain short with your take profit at 1.2708. | 27 December 2018

27 December 2018, GBP/USD

Remain short with your take profit at 1.2708.

Wave Analysis

Perfectly as previously forecasted, the cable bounced from the zone 1.2593-1.2700, declined steeply and even went below the supportive trendline. As long as the price remains below this trendline and also below the weekly level 1.2709, we expect nothing but a steep decline with an ideal target around 1.2490. If you're looking at this chart at the moment, you should already be in a sell position, or you should place a pending sell limit order at 1.2708, and have your take profit at 1.2490, if this target is broken, then further bearish momentum is expected.

Trade Recommendations:

Remain short with your take profit at 1.2708.

Be the first to get $5 for participation in the webinar 8.30 GMT!

BECOME FRESHFOREX ANALYST!

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 .