Bears still in control | 08 3月 2017

08 3月 2017, GBP/USD

Bears still in control

Wave Analysis:

For almost a fortnight, the cable has been making daily lower lows, higher lows and will likely head further to the lower side. Although we expect further momentum to the lower side, we choose to remain flat momentarily and wait for the inner corrective wave (iv) to end around 1.2214 the sell the impulsive waves (v) and continue short with the outer motive wave (5) towards 1.2155. A break below this level will push the price further to the lower side but should not go beyond 1.1998. Expect an exact similar wave count in EURUSD, GBPAUD and GBPHKD. These pairs will have an exact similar price action during this intraday.

Trade Recommendations:

Wait for minor bullish pullbacks towards 1.2213 to go short with an ideal target at 1.2155.

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

提交申请

Get bonus