Principal >
Datos analíticos de Forex
>
Pronóstico Fresco
>
Technical Analysis Based on Breakout
>
Wait for a correction to the level 1.1411

Wait for a correction to the level 1.1411 | 04 Noviembre 2022

04 Noviembre 2022, GBP/USD

Wait for a correction to the level 1.1411

Technical observation

GBP traded within a channel as indicated above then broke below the lower trend line with a big red candle, currently it is trading below this broken level with an increasing bearish bias, this upwards movement is a correction to the just broken level and my expectation is a rejection of price at it to pick short positions. My advice, remain neutral and wait for a correction to 1.1411 to sell GBP with your take profit at 1.0963 and stop-loss at 1.1526. In case of a clear break below the zone 1.0963-1.0931, wait for a pullback to it before you continue short towards the supportive level 1.0373 or lower. I can only recommend bullish positions above the level 1.1731.

Trade recommendation

Wait for a correction to the level 1.1411 to sell GBP.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión

Mostrar contraseña

Ocultar contraseña

 ¿Se te olvidó tu contraseña?
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.

Nuestros mejores premios:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.