empty
 
 
12.10.2018 05:13 AM
Simplified Wave Analysis. GBP / USD review for the week of October 11

Wave pattern on the H4 chart:

The last wave of this scale was completed in mid-August at the upper boundary of the powerful support zone.

Wave pattern on the H1 chart:

A rising wave from August 15 with high potential develops. Over time, the entire movement will move to a higher timeframe. In the wave structure, the middle part (B) is completed.

This image is no longer relevant

Wave pattern on the M15 chart:

The ascending phase of October 4 gives a start to the final part (C) in the wave. In the coming days, a short rollback is expected.

This image is no longer relevant

Recommended trading strategy:

Due to the small potential of the upcoming decline, sales are not recommended. In the area of fixation in the support, it is suggested to monitor the instrument purchase signals.

Resistance zones:

- 1.3550 / 1.3600

- 1.3250 / 1.3300

Support areas:

- 1.3080 / 1.3030

Explanations to the figures:

A simplified wave analysis uses a simple waveform, in the form of a 3-part zigzag (A-B-C). Three main timeframes are used for the analysis. The last incomplete wave for every timeframe is analyzed. Zones show the calculated areas with the greatest probability of a reversal.

Arrows indicate the counting of wave according to the technique used by the author. The solid background shows the generated structure and the dotted exhibits the expected wave motion.

Note: The wave algorithm does not take into account the duration of the tool movements in time. To conduct a trade transaction, you need to confirm the signals used by your trading systems.

Isabel Clark,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback