Cable (GBPUSD) just need a break below 1.47 as candle close to confirm that next target 1.47 is coming soon.
We are in wave (III) and ideally we want and market also looking to place its target at 1.47.
We will look for any news that will drop it and At now as far as 1.5100 holds it and protect it from going up , we will look down towards 1.47 at least and then we will proceed next.
Trading recommendations :
Its just matter of 1.500 break then we will see 1.47 number very quick. stop place at 1.5080 once you short at 1.500 and target 1.4725
We are in wave (III) and ideally we want and market also looking to place its target at 1.47.
We will look for any news that will drop it and At now as far as 1.5100 holds it and protect it from going up , we will look down towards 1.47 at least and then we will proceed next.
Trading recommendations :
Its just matter of 1.500 break then we will see 1.47 number very quick. stop place at 1.5080 once you short at 1.500 and target 1.4725
