Expect rally to the upperside. | 05 Septiembre 2016

05 Septiembre 2016, GBP/USD

Expect rally to the upperside.

Wave Analysis:
As previously forecasted, wave (a) broke above the resistive trend line headed long as previously forecasted and still pretty bullish on the daily chart. We expect to continue long with the impulsive wave (a) but should not go beyond $1.3542. Instead of going long, we wait for price to retrace to the just broken trend line to give us low risk buy opportunities with an ideal target at $1.4114. Expect a similar rally in another positively correlated pair such as NZD/USD and AUD/USD. These pairs have a strong positive correlation and will have a similar price action during this intraday.

Trade Recommendations:

Wait for price to retrace back to the just broken level to go long with an ideal target 1.4114.

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