empty
 
 
07.06.2018 11:42 PM
Wave analysis of GBP / USD for June 7. The Briton continues to recover

This image is no longer relevant

Analysis of wave counting:

During the trades on June 6, the GBP / USD currency pair added only 20 percentage points, but stayed within the framework of the proposed wave a, 2. Thus, the first settlement target for the instrument remains unchanged, 23.6% Fibonacci of wave 1. Two lows, from June 1 and June 4, form support levels, the breakthrough of which can return the pair to the construction of a downtrend section of the trend and the complication of the proposed wave 1, a. An unsuccessful attempt to break through the 23.6% mark may lead to the withdrawal of quotations from the peaks reached, but the wave 2, a, targets are located at a minimum around the estimated mark of 1.3651, which corresponds to 38.2% of Fibonacci.

The objectives for the option with purchases:

1.3478 - 23.6% of Fibonacci

1.3528 - 127.2% of the Fibonacci of the highest order

1.3651 - 38.2% of Fibonacci

The objectives for the option with sales:

1.3045 - 200.0% of the Fibonacci of the highest order

General conclusions and trading recommendations:

The assumed wave 2, a, becomes more convincing, and the increase in quotations continues. Thus, I recommend buying a pair of small volumes with the first goal, located near the mark of 1.3478. I am recommending sales if the pair makes a successful attempt to break the minimum from June 1, as it will warn of the pair's readiness to complicate the wave 1, but with the first targets located near the 1.3045 mark, which equates to 200.0% of Fibonacci of the highest order.

Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback