empty
 
 
09.04.2021 12:37 PM
Wave analysis of GBP/USD for April 9, 2021. Price to plunge to 1.3585

GBP/USD, H4:

This image is no longer relevant

Today, we are going to analyze the GBP/USD wave pattern.

The higher time frame shows the final part of the global wave pattern [X]. It has been developing for a long time.

The final wave (Y) inside the wave pattern [X] is transforming into an ascending triple zigzag pattern W-X-Y-X-Z. Most likely, the price is currently located within the second wave X of this pattern that has a complex structure.

Wave X is likely to be a bearish triple zigzag pattern. The final leg of this wave pattern is developing at the moment. Let us analyze wave X in depth.

GBP/USD, H1:

This image is no longer relevant

On the H1 chart, we can clearly see a descending triple zigzag pattern that is emerging right now.

The first four parts of this zigzag pattern have been fully completed. The bearish wave (A) has been formed. This wave is also the beginning of the zigzag pattern [Z]. Thus, we could have seen the continuation of the downward trend after a small correction (B).

There is an assumption that the values of the current sub-waves [Z] and [Y] will be equal. Therefore, GBP/USD is expected to go down to the price level of 1.3585 in the short term.

The chart shows a rough scheme of a possible future movement.

We will continue to analyze the market next week. Have a nice weekend.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback