Remain short | 13 10月 2016

13 10月 2016, GBP/USD

Remain short

Wave Analysis

Yesterday, the cable rose towards $1.2325 but ended up closing just a few pips from it's opening price. The previous day's candle shows signs of weak bullish momentum, thus, instead of executing any long orders, we choose to sit on the side lines and only look for potential sell signals to continue short with the impulsive wave (c). This view can only be invalidated in case the pair end up breaking above $1.2306, a clear breakout above this level will signal an increase in the number of buyers and could push the price to the upper side with an ideal target at $1.2394. Trade this pair alongside EUR/USD. These pairs will have the same price action during this intraday.

Trade Recommendations:

Remain short.

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.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus