Look for long term sell orders, | 15 August 2019
15 August 2019, GBP/USD
Wave Analysis
The cable is currently trading with an increasing bearish bias momentum. As long as the price remains below 1.24778, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of both the impulsive waves (c) and 5, and could break below 1.18175 towards 1.15 or even lower. The best is not to wait for a sell now, rather wait for retracements to pick a sell.
Trade Recommend ions:
Look for long term sell orders,
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.
