Wait | 12 February 2021

12 February 2021, GBP/USD

Remain long towards 1.3890.

Wave Analysis

Yesterday, the British pulled back to the lowerside but is still above the Alligator indicator attached. As it is now, we are looking for long term buy position, that the current bearish price rally is the unfolding of a corrective wave count but should not go beyond the Green Alligator buffer. If the price breaks below the green line, then we are waiting for a breakout below the blue line to confirm that we will be continuing to the lowerside with our target set around 1.35980 towards 1.31482.

Trade Recommendations:

Wait

One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.

This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%. 2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from February 1 to 26, 2021.

2. Send a request to school@freshforex.com with your account number funded.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus