GBPUSD. As long as the price remains above the upper trendline, look for buy orders. | 31 7月 2019

31 7月 2019, GBP/USD

Wave Analysis

Earlier today, the cable brokeout above the converging wedge formation and is still pretty much above the upper trendline. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the corrective three wave cycle and should breakout above the end of the first impulsive wave (a) and may head straight towards 1.22300, this view can only be invalidated in case the price breaks below the supportive trendline.

Trade Recommendations:

As long as the price remains above the upper trendline, look for buy orders.

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.