Remain short. | 16 Abril 2020

16 Abril 2020, GBP/USD

Remain short.

Wave Analysis

This week, the British pound went as high as 1.26490, but has currently pulled back to the lower side and is almost reaching the current week's opening price. We expect this bearish price rally to be the continuation of the corrective three wave cycle and could see price break below the immediate trend line. If the impulsive wave (c) successfully goes below 1.23540, then I expect further momentum to the lower side but should not go beyond 1.21590. If you are on this chart now, remain short.

Trade Recommendations:

Remain short.

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.