Corrections but still bearish | 22 6月 2017

22 6月 2017, GBP/USD

Corrections but still bearish

Wave Analysis:

Despite our anticipation that this pair could continue short, the cable is still reluctant to continue short, instead there's still minor corrections to the upper side. As long as the price remains below 1.27735, we expect a possible bearish price rally to the lower side but should not go beyond 1.24400. This view can only be invalidated in case the pair end up breaking above 1.27735, if this is the case, then an acceleration to the upper side is inevitable. If you had short the impulsive wave (c) around 1.27735, hold onto this trade. Expect a similar wave count in EURUSD, GBPCAD, GBPNZD and GBPCHF. For the past few days, these pairs have had a strong positive correlation of up to +79 and will move in the same direction during this intraday.

Trade Recommendations:

Expect a possible bearish price rally towards 1.24400.

FreshForex cancels commissions!

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.