Elliott Wave Analysis : Pound Could Continue Lower After Pullback

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 27, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    GBPUSD has turned sharply lower in the last few days from the neckline resistance and 61.8% Fibonacci retracement level. A turning point down is very sharp that also took out the lower support line of a corrective channel that puts bears in play. That said, traders must be aware of a continuation down to 1.5000 after current black wave 2 is completed, ideally that will be around 1.5200. GBPUSD, 4H

    Continue reading...

Share This Page

free forex signals