GBPUSD Elliot Waves Analysis For 4 January 2016 | 04 Enero 2016

04 Enero 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 4 January 2016
Wave Analysis:
GBP/USD is currently trading with bearish bias. During the course of the previous week on Thursday, cable traded short and even closed below the previous lower low. Following this downward movement, we are very reluctant to go long, instead we will remain short with targets below 1.45. Ideally, wave (5) should extent lower.
Traders trading this pair should observe closely other pair such as EUR/USD, GBP/HKD, and AUD/USD . These pairs have a strong positive correlation of up to +0.95 and are thus expected to have a similar chart pattern. Only buy or sell cable if all the other positively correlated pairs are giving the same signal.

Trade Recommendation:

As long as the pair trades below the previous lower low formed on Wednesday last week remain short with targets below 1.45

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