Wait for slight pullbacks | 26 Abril 2018

26 Abril 2018, GBP/USD

Wait for slight pullbacks

Wave Analysis

During the previous trading day, the impulsive wave (a) extended slightly to the lowerside but is still several pips above the daily support 1.38337. Although we expect further bearish momentum, we're waiting for pullbacks to the upper side, the corrective wave (b) to end around 1.3988, to short the impulsive wave (c) towards 1.38337, if this target is taken out, then the price will likely continue to rally to the lowerside with our next target being 1.36007. In case of a break below the last target, then this will be a good place to pick a long term short position towards 1.32365.

Trade Recommendations:

Wait for slight pullbacks then pick a short position towards 1.38337

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.