GBPUSD: medium-term sells of the pair. | 12 December 2018

12 December 2018, GBP/USD

Long-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located at the quote 1.31965 and 1.27863. At the moment, the pair is trading lower, which indicates the strength of sellers. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located at the quotations 1.25221, 1.26192 and 1.27522. At the moment, the pair is trading lower, which indicates the strength of sellers. The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 11.12.2018. Quotation of the lower boundary of the zone 1/4 - 1.25780, quotation of the lower boundary of the zone 1/2 -1.26719. Intraday objectives: update the lows from 11.12.2018 - 1.24808, medium-term objectives: test the higher bound of SWCZ - 1.24964. Trading recommendations: holding previously opened short positions or sells from a range of favorable prices 1.25780 – 1.26719 in the formation of a reversal pattern.

Sell: 1.25780 – 1.26719, Take Profit 1-1.24808, Take Profit 2-1.23055.

WCZ (weekly control zone) GWCZ (golden weekly control zone) SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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