Wait for a correction to sell | 17 Maret 2020

17 Maret 2020, GBP/USD

Wait for a correction to sell

Technical observation

GBP has been rallying significantly to the lower side. Yesterday, price went below a supportive level marked around 1.2357 with a big red candle and is still showing signs of bearish movements, however, a correction to it can be expected. In case of a retracement to the just broken line, wait for a clear bounce at it to sell GBP with your take profit at 1.1955 and stop loss at 1.2489. Should there be no correction to the level 1.2357 but a decline to 1.1955 followed by a penetration below it, wait for pullback to it and a clear bounce before you pick short positions towards the supportive level 1.1528.

Trade recommendation

Wait for a correction to 1.2357 to sell GBP.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus