Possible Bullish pin bar | 06 Julio 2017

06 Julio 2017, GBP/USD

Possible Bullish pin bar

Wave Analysis:

Despite our expectations that the cable could drop further towards 1.1269, yesterday, this pair hit the lows of 1.2892 but ended up closing at 1.2932 just a few pips above it's opening price, 1.2918. The previous day's candle is a possible bullish pin bar candle and could drive the price further upwards. From the current chart set up, 1.2892, marked a possible end of the corrective wave (b) that the current upward rally is the continuation of the impulsive wave (c) to the upper side with a target at 1.33. Although this upward rally is highly anticipated, we'll wait for break above the resistance level 1.3025 to confirm the continuation of this upward rally. Expect an exact opposite price rally in USDCHF, USDJPY and USDCAD.

Trade Recommendations:

If you're not long already, you could wait and buy this pair above 1.3025 with a target at 1.33

FreshForex cancels commissions!

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.