We're short | 23 April 2019

23 April 2019, GBP/USD

We're short

Wave Analysis

The cable is currently trading within a declining wedge formation. As long as the price is contained below the zone 1.30081-1.30098, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of both the impulsive waves (v) and (c) and should extend massively to the lowerside. basically, this pair is bearish, therefore only sell positions looks ideal. As it is, we're waiting for a breakout below the previous day's lowest low to pick a low risk sell order.

Trade Recommendation:

We're short

Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.

Bob Stan
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