Look for long positions towards 1.49540 | 17 Abril 2018

17 Abril 2018, GBP/USD

Look for long positions towards 1.49540

Wave Analysis

Despite the Friday's daily candle closing as bearish pin bar around 1.42801, the cable rallied higher and even closed above a the level 1.42801, this is a clear bulls dominance signal and as long as the price remains above 1.42801, we expect a possible rally to the upper side and should break above 1.49540. This view can only be invalidated in case the price breaks below 1.42801, this being the case, we'll expect a possible bearish price rally with an ultimate target at at 1.365. On the daily chart attached, its good to look for long positions.

Trade Recommendations:

Look for long positions towards 1.49540

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.