empty
 
 
20.02.2012 03:18 PM
GBP/USD Elliott Wave Count for February 20, 2012

This image is no longer relevant

Today's support and resistance levels:

R3: 139.57

R2: 139.43

R1: 139.27

Current spot: 139.14

S1: 139.00

S2: 138.93

S3: 138.78

Technical summary:

The correction from 141.22 has become deeper and more complex than first expected, but it does not alter our count, that this is a wave two correction and that the downside potential is limited from here. We will be looking for a break above minor resistance at 139.43 as the first indication, that blue wave ii is over, while a break above short-term important resistance at 139.70 confirms the bottom for a new rally back to 141.22 on the way higher to 143.79.

Trading recommendation:

Our stop at 139.05 was hit for a very nice profit. We will buy EUR again here at 139.14 with a stop at 138.40.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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