GBPUSD Elliot Waves Analysis For 27 April 2016 | 27 Abril 2016

27 Abril 2016, GBP/USD

Wave Analysis:

GBP/USD is currently trading with a bullish bias. Yesterday, the pair traded long and even tested our resistance level 1.46609. We are waiting for a corrective rally to the lower side for wave [4] to end along the ascending trend line. Thus, during this day, we expect an acceleration to the lower side, and a rebound from the red supportive trend line. We will only buy this pair upon a clear rebound from this trend line or a breakout above 1.4660. This pair should be traded alongside, EUR/USD, GBP/CHF, AUD/JPY, AUD/USD, and GBP/JPY. These pairs have a strong positive correlation of up to +0.89 and will likely have a similar price action during this intraday. Only buy or sell the cable if the other pairs are giving the same signal.

Trade Recommendations:

Remain short but only up to 1.4519. A clear breakout below the ascending trend line will push the push the price further to the lower side. Buy positions are only recommended upon a a clear breakout above 1.46609 or upon a clear rebound from the lower supportive trend line.

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