Weshareio

GBPUSD Correction Phase Expected After The Bearish Impulse Move

Long
OANDA:GBPUSD   Funt Brytyjski/Dolar USA
GBPUSD has been trading in a bearish trend for a long time now and its safe to say as we broke the 1.14010 low. But on the 4 hour timeframe we saw a complete clear impulse move which all guidelines are not violated so we can possible expect a correction to the upside in this case I wouldn't suggest an impulse move up as we realise overall we are in a strong downtrend by simply looking at market structure every time we saw a bit of pullback it didn't last it was followed by a strong bearish move this move is not any exception.

Well it can be any corrective move but we can at least expect a zig-zag as its very common. The idea is long term we are still bearish but we can take advantage of short term pullback moves.
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.