Wave Analysis
The close of the past few days has seen the cable loose tremendously compared to the US dollar. Following the break below 1.21445, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below the previous day’s lowest low towards 1.1345 or even lower. If you are looking at this chart now, you should have a pending sell order around 1.21445 with our stop loss above 1.23160.
Trade Recommendations:
Remain short
Origin: FreshForex
