Looking for long positions | 20 Julio 2017

20 Julio 2017, GBP/USD

Looking for long positions

Wave Analysis

Despite the bullish inside bar seen on 17th of this month, the cable is yet to pick a momentum to the upper side. We expect the downward rally that began on Monday this week to be a mere corrective move and should not go beyond 1.30246 from where we'll be looking to re-buy the impulsive wave (c) at the least risk possible. This upward rally is highly since the intraday stochastic is approaching a its median level of 50 and should not break below it. As long as price remains above 1.30246 and the stochastic level of 50 is not broken to the lower side, we expect a possible bullish price rally towards 1.33. Expect a similar wave count in EURUSD, NZDUSD and AUDUSD. These pairs have a strong positive correlation of up to +68% and will move in the same direction during this intraday.

Trade Recommendations:

Buy this pair around 1.30246 with an ideal 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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus