GBPUSD Elliot Waves Analysis For 19 February 2016 | 19 Febrero 2016

19 Febrero 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 19 February 2016
Wave Analysis:
There is no much change in GBP/USD. During the previous trading day, pound broke above the level 1.4324l, but ended up closing below it. Unless the price closes below 1.4293, we may have to look for long positions with our target at 1.44082. A close below 1.4293 would mean we are headed further short with our target at 1.40844. Buy positions are only recommedaded above 1.4358 with an ultimate target at 1.4487. This pair should be traded alongside other positively correlated pairs such as GBPJPY, GBP/CHF and GBP/CAD. These pairs have a strong positive correlation of up to +0.94 and are thus expected to move in a similar direction. Only buy or sell pound if all the other positively correlated pairs are giving the same signal.

Trade Recommendation:

Unless the price closes below 1.4293, long positions with your target at 1.44082. A close below 1.4293 would mean looking for short positions with your target at 1.4084. Buy positions are only recommended above 1.4358 with an ultimate target at 1.4487.

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