Wave Analysis
During the previous trading day, the cable failed to reach our target sell point set at 1.3315. As long as the price remains below 1.33015, we’re looking for a possible long term sell towards the level 1.26781. A Conservative approach is not to look for a sell now, rather wait for a possible correction towards the area we’re supposed to sell at, 1.33015, the pick a sell with your stop loss above last month’s highest high. With this sell, expect a steep decline towards 1.26781, and may breakout even lower towards 1.18450.
Trade Recommendations:
1.3315 is still a good sell point towards 1.26781.
Origin: FreshForex
