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MohamedMagdy
Jun 2, 2016 7:28 PM

Wait for the breakout 

British Pound/U.S. DollarFXCM

Description

Sell the break down to the shown target
Overall medium term direction is bearish
Comments
lunapix
target at 1.4340? is that ok?
MohamedMagdy
the trend is bearish , so maybe yes but on the long term and if price fall below the 1.43920 level ,
but for now , as a swing trade , the 1.44 level is first target
MohamedMagdy
According to Elliot wave , yes , we are currently in the bearish wave 5 which targets 1.4316 , but not until it breaks below the 1.4389 level
lunapix
thanx man
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