Expect a possible bearish correction towards the supportive trendline. | 14 Agosto 2020

14 Agosto 2020, GBP/USD

Expect a possible bearish correction towards the supportive trendline.

Wave Analysis

Last week, we saw a new high when the British pound ended up around 1.31650 but could not breakout any higher. As it is now, we are expecting a possible correction to the lowerside but should not go below the supportive trend line. We are basically waiting for a correction to the lowerside towards the lower trendline to pick a low risk buy position. A break below the supportive trendline will mean we are continuing to the lower side towards the next supportive trend line. If the price breaks above 1.31650, then we may be continuing upwards.

Trade Recommendations:

Expect a possible bearish correction towards the supportive trendline.

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