#GBPNOK: Bears Active, Downside Target To Be Seen!
Traders,
After seeing a lower low, a new opportunity to get into a lower low, small wave continuation move to the downside. After bearish impulse, the pair has offered a small wave retracement. Nice resistance on the 50 moving average and bearish candles at the retracement and resistance suggests downside will be seen. Expecting a downside move to Fibonacci extension targets, there is confluence at the bottom of the range, which is where the 3 wave target move is. Good 3 wave short opportunity to the Fibonacci extension confluences, makes good sense.
After seeing a lower low, a new opportunity to get into a lower low, small wave continuation move to the downside. After bearish impulse, the pair has offered a small wave retracement. Nice resistance on the 50 moving average and bearish candles at the retracement and resistance suggests downside will be seen. Expecting a downside move to Fibonacci extension targets, there is confluence at the bottom of the range, which is where the 3 wave target move is. Good 3 wave short opportunity to the Fibonacci extension confluences, makes good sense.
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.