We're sellers towards the lower trendline | 16 July 2021
16 July 2021, GBP/USD
Wave Analysis
Just as we expected yesterday, the British pound rallied to the lowerside and is still very much bearish. If you are looking at this chart as we are speaking, we recomend looking for long term sell positions expecting the price to race towards the lower supportive trendline, if you have taken a possition, please hold onto this positon. At this point, buying, or holding onto a buy on this chart is a bit risky and may not be recommended, however, if the price breaks above the upper trendline, then this will be a good place to consider a possible long term buy position with our target set around 1.41.
Trade Recommendations:
We're sellers towards the lower trendline
Trading begins with planning the expected profit and developing a strategy that aims to help you achieve the desired result. The most effective technique is to use invest-portfolios that contain different trading instruments.
FreshForex gives traders a ready-to-use portfolio. The instruments are selected in such a way as to reduce overall risks and at the same time ensure a relatively high return.
This is the eighth portfolio developed by FreshForex specialists. Each of the previous seven portfolios showed positive results, with a total return of 87.1%.
It’s easy to get the portfolio:
1. Make a deposit of $80 or more until July 30.
2. Send a number of your trading account at school@freshforex.com.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 