Bearish continuation candle | 12 Tháng bảy 2017

12 Tháng bảy 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
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .