Clear rejection from the pivot level 1.2417 | 09 1月 2017

09 1月 2017, GBP/USD

Clear rejection from the pivot level 1.2417
Wave Analysis:
During the previous trading day on 6th Jan 2016, instead of continuing long, the cable rebounded perfectly from the pivot level 1.2417, dropped drastically and is currently trading below 1.2288, although we expect further acceleration to the lower side, we're waiting for a clear breakout below 1.22248 to confirm the continuation of the bearish price rally towards 1.2029. In the meantime, we're not interested in buy positions, either we're short or we choose to stand a side. This pair should be traded alongside EURUSD, NZDUSD, and AUDUSD. These pairs have a strong positive correlation of u[p +78% and will have a similar price action during this intraday.

Trade Recommendations:

If you're not short already, wait for a clear break below 1.2224 then go short with an ideal target at 1.2029.

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