GBPUSD – Flat
Wave Analysis
The cable is still rallying within the falling wedge formation. As long as the price is still within the contracting wedge formation, we expect further momentum to the lowerside. We’re basically waiting for the corrective three wave cycle to end for us to the sell this pair at the least risk possible. And should the price break above the upper trendline, then this will be an ideal place to look for a long term long position with the first target at 1.3085, and should this target be broken, then further momentum upwards is expected.
Trade Recommendations:
we’re long towards the upper trendline
101% Double the volume
!Attention!
All bonus participates in drawdown!
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