Wait for a correction to 1.3044-1.3036 | 15 November 2018

15 November 2018, GBP/USD

Wait for a correction to 1.3044-1.3036

Technical observation

On the Hourly chart above price is moving on a downward momentum with several retracements at the key resistance zone 1.3044-1.3036.Currenlty GBP is rallying below the above mentioned zone and I expect nothing but a rise to it followed by a rejection within for possible bearish momentum. My advice, wait for the correction to 1.3044-1.3036 then pick short positions within it with your take profit at 1.2916 and stop loss slightly above 1.3044.On your way downwards the key lines to look for include;1.2916, 1.2843 and 1.2731.Long positions may only be recommended in case of a clear break above 1.3044-1.3036 with a big green candle.

Trade recommendation

Wait for a correction to 1.3044-1.3036 to sell GBP/USD.

Do you know against which currencies GBP is the most profitable?

Wait for a correction to 1.3044-1.3036

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.