Bearish continuation candle | 12 Julho 2017

12 Julho 2017, GBP/USD

Bearish continuation candle

Wave Analysis:

During the previous trading day, the cable opened at 1.2879, went as high as 1.2927 and as low as 1.2831, but ended up closing 1.2845, just a couple of pips below its opening price. The previous day's candle is a perfect bearish continuation candle and could be an onset to the previously anticipated bearish wave count. Ideally, during this intraday, we expect a possible bearish wave count towards 1.27356 and could break lower. If you're not short already, you could wait and short on a clear break below 1.27356 or buy this pair on a rebound from 1.27735-1.27356. Expect a similar wave count in EURUSD, NZDUSD and AUDUSD. These pairs have a strong positive correlation and will move in the same direction during this intraday.

Trade Recommendations:

Expect a possible bearish price rally towards 1.27735

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Entrar
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.
manager photo manager photo
Online-support
Ficamos satisfeitos em responder quaisquer perguntas que você possa ter

Escrever

Get bonus