empty
 
 
16.10.2012 06:37 PM
GBP/USD Sell Bellow Fractal 1.6130 - For October 16, 2012 (Daily Strategy)

 

The British Pound is indecisive to move higher as it has much downward pressure. The resistance that the pair has to face is the daily fractal at the level of 1.6130. We recommend selling at this level because it coincides with the downtrend line. We expect a bearish movement to the nearest 1.5958 fractal. On the other hand, if the pair exceeds 1.6130 fractal and closes above this level, close all our bearish positions.
If you look at the chart, the pair has much pressure below that level, so it would be a good strategy to sell.
In the medium term, we remain bullish for this pair above 1.58. If the rate is above 1.6170, then come back to buy again.

 

This image is no longer relevant

If you need personal consultation, contact me via e-mail: [email protected]

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
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