Short the cable at 1.4139 | 23 Marzo 2018

23 Marzo 2018, GBP/USD

Wave Analysis:

Yesterday, the cable opened at 1.4138, went as high as 1.42173 and as low as 1.40745 but ended up closing at 1.4095, just a couple of pips below its opening price. The previous day's candle is a perfect bearish pin bar and indicates a possible increase in the number of sellers in this market. Thus, today and in the next few days, we expect a possible surge to the lower side with an ultimate target at 1.39280. The anticipated bearish price rally is the unfolding of a corrective three wave cycle and should go below 1.40785 towards 1.39925. This pair should be traded alongside GBPHKD, GBPSGD and NZDUSD. These pairs have a strong positive correlation and will move in the same direction.

Trade Recommendations:

Short the cable at 1.4139 with your target at 1.39925.

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.