GBPUSD Elliot Waves Analysis For 26 February 2016 | 26 Febrero 2016

26 Febrero 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 26 February 2016

Wave Analysis:

GBP/USD is currently on an upward pullback towards 1.4017. A break above 1.4079 will call for further long positions with an ideal target at 1.4149. However, should the price clearly rebound from either resistance levels, 1.4017, 1.4079, or 1.4149, you should go short with you ultimate target at 1.38788. Traders trading this pair should observe closely other positively correlated pairs such as GBP/HKD, GBP/CHF, and GBP/JPY. These pairs have a strong positive correlation of up +0.89 and are thus expected to have similar chat setups. Only buy or sell pound if all the other positively correlated pairs are giving the same signal.

Trade Recommendations:

Expect a rebound from either 1.40172 or 1.4079 for you to go short with your ultimate target at 1.3878. However, a break above 1.4079 will call for further long positions with an ultimate target at 1.4149.

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