05 февраля 2019, GBP/USD
Wave Analysis
The cable continues to rally to the lower side despite the previous forecast that it could rise. As long as the price remains above 1.29991, we expect nothing but a possible momentum to the upper side. Conservative traders can place a pending buy limit order around 1.29991, with your stop loss below the candle breaking above 1.29991 and take profit at 1.42339. if the current week's candle can close below 1.29991, then this will be an ideal place to consider sell orders but with an ideal target at 1.26250.
Trade Recommendations:
Wait for a buy order around 1.29991.
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