09 Mei 2019, GBP/USD
Wave Analysis
The previous day's forecast stated that the cable was to decline according to the chart above, So far, the cable declined perfectly as expected and is still very much bearish both on the daily and the weekly charts. However, there's level 1.29910 which price must clearly break below and confirm that we're short. As it is, a possible bounce from 1.29910 is highly likely, if this is true, then we'll wait for a buy signal to pick a low risk buy opportunity towards 1.33280, a break below will attract a sell.
Trade Recomendation:
Buy a bounce from 1.29910