GBPUSD: medium-term sells of the pair. | 22 March 2019

22 March 2019, GBP/USD

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.31349-1.31587 and 1.32302-1.32508. At the moment, the pair is trading lower, indicating the weakness of buyers. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.32202-1.32745. At the moment, the pair is trading lower, indicating the strength of sellers. The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 21.03.2019. Quotation of the lower boundary of the zone 1/4-1.30992. Quotation of the lower boundary of the zone 1/2-1.31957. Intraday objectives: update the lows from 21.03.2019-1.29991. Medium-term objectives: test the higher bound of GWCZ-1.28056. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful sells from the range of favorable prices 1.30992-1.31957 in the formation of a reversal pattern.

Sell: 1.30992-1.31957, Take Profit 1-1.29991, Take Profit 2-1.28056.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .