Still waiting for a breakout below the neckline | 05 Julio 2017
05 Julio 2017, GBP/USD
Technical Observation
As I said earlier, Gbp dropped slightly to the lower side but is yet to breakout below the neckline. I'm waiting for a clear breakout below then neckline, 1.2922, then a pullback to the just broken line to short Gbp towards 1.2819. Ideally, I expect the price to drop with the same number of pips it rose above the neckline. On the hour chart above, this is a double top formation and short positions can safely be recommended upon breakout below the neckline. And the neckline has to be broken with a big red candle.
Technical levels:
Resistance levels
R1: 1.2931
R2: 1.2938
R3: 1.2949
Pivot
1.2927
Support Levels
S1: 1.2905
S2: 1.2916
S3: 1.292
Trade Signal
Wait for a breakout below 1.2922 to short Gbp towards 1.2819
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.