free stats

GBP/USD: Wave analysis and forecast for 08/02/2019 – 15/02/2019

GBP/USD: Wave analysis and forecast for 08/02/2019 – 15/02/2019

The GBP/USD pair is under correction, still likely to fall. Estimated pivot point is at a level of 1.3215.

Main scenario: short positions will be relevant from corrections below the level of 1.3215 with a target of 1.2806 – 1.2707.

Alternative scenario: breakout and consolidation above the level of 1.3215 will allow the pair to continue the rise up to the levels of 1.3390 – 1.3628.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave (2) finished developing within the daily frame in the form of a zigzag. Supposedly, the first counter-trend wave of junior level i of 1 of (3) has been formed and a descending correction is developing in the form of wave  ii of 1  on the H4 time frame. Apparently, the wave a of ii is formed on the H1 time frame.  If this assumption is correct, the pair will continue to fall to  1.2806 – 1.2707 once the wave  b of ii finished forming. The level  1.3215 is critical in this scenario.

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously

Categories: Free Forex Signals

Free Forex Course - Free Forex Signals - ForexGuru.Pk - Dr. Zia-al-Hassan

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously