GBPUSD Elliot Waves Analysis For 17 February 2016 | 17 2月 2016

17 2月 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 17 February 2016
Wave Analysis:
GBPUSD is currently trading with a strong bearish bias. The pair broke below a very significant pivot level 1.435 and is still very bearish. Following this break, we are very reluctant to go long, instead, we will remain short but with our targets at 1.4237 and 1.4083. Only an upward correction above 1.435 will call for long orders. Pound should be traded alongside other positively correlated pairs such as GBP/CHF and NZD/JPY. These pairs have a strong positive correlation of up to +0.8. Thus they are expected to have a similar price action. Only buy or sell Pound if all the other positively correlated pairs are giving the same signal.
Trade Recommendations:

Remain short with your ultimate target at 1.4083.

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.