GBPUSD Too Many Reasons To Go Long Panjang

British Pound/U.S. DollarFXCM

Huraian

⋅ 14 Mei 2016 pukul 08.17

Price is moving down and will soon reach a key level where we have too many reasons to believe that it will bounce from that level.

1. Lower parallel of a rising channel
2. 0.618 fib level of previous impulsive wave up
3. Pevious structure level (look left)
4. Potential ABC corrective pattern
5. MACD Divergence

Although we have too may factors to buy the market at that level, for a much safer trade we should wait for a buy setup to form at that level.

GBPUSD

Komen

JayPositano

⋅ 15 Mei 2016 pukul 15.09

I too believe a long is coming. But in my friendly opinion, you cannot call bull divergence here (yet) , because that current move down could go further down, and so could that low in the macd. It may not be finished yet.

Saravan

⋅ 15 Mei 2016 pukul 00.05

Agree. 1.43 will be good demand area.

Fxprotrader

⋅ 15 Mei 2016 pukul 13.13

Nice chart.. We should still wait for a buy setup to form in that zone..

Saravan

⋅ 15 Mei 2016 pukul 13.32

Absolutely. I will be watching price actions before set my buy order.

Fxprotrader

⋅ 15 Mei 2016 pukul 14.50

That's great..

SmilingSword

⋅ 14 Mei 2016 pukul 09.55

Nice idea and view . Very good

Fxprotrader

⋅ 14 Mei 2016 pukul 10.42

Thank you..

Lebih