We're waiting for a rebound from the upper trendline to pick a possible long term sell position. | 19 Octubre 2021

19 Octubre 2021, GBP/USD

We're waiting for a rebound from the upper trendline to pick a possible long term sell position.

Wave Analysis:

So far, the British pound is not able to clearly break above the upper trendline. While the price remains below the upper trendline, we are looking for a possible rebound from it to pick a possible long term sell position. On the flipside, should the price break and close above upper trendline, we expect nothing but a possible momentum to the upperside. This is the continuation of an impulsive wave count and could see the price break above 1.39094 and may continue much higher towards 1.41995 or even higher. On the lower side, a rebound from the same trendline will mean we're sellers towards 1.34101 and may extend much lower.
Trade Recommendations:
We're waiting for a rebound from the upper trendline to pick a possible long term sell position.
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