GBPUSD Elliot Waves Analysis For 17 February 2016 | 17 Febrero 2016

17 Febrero 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 17 February 2016
Wave Analysis:
GBPUSD is currently trading with a strong bearish bias. The pair broke below a very significant pivot level 1.435 and is still very bearish. Following this break, we are very reluctant to go long, instead, we will remain short but with our targets at 1.4237 and 1.4083. Only an upward correction above 1.435 will call for long orders. Pound should be traded alongside other positively correlated pairs such as GBP/CHF and NZD/JPY. These pairs have a strong positive correlation of up to +0.8. Thus they are expected to have a similar price action. Only buy or sell Pound if all the other positively correlated pairs are giving the same signal.
Trade Recommendations:

Remain short with your ultimate target at 1.4083.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.