free stats

GBP/USD: Wave analysis and forecast for 07/09/2018 – 14/09/2018

GBP/USD: Wave analysis and forecast for 07/09/2018 – 14/09/2018

The pair GBP/USD is still likely to fall. Estimated pivot point is at a level of 1.3043.

Main scenario: short positions will be relevant from corrections below the level of 1.3043 with a target of 1.2660 – 1.2580.

Alternative scenario: breakout and consolidation above the level of 1.3043 will allow the pair to continue the rise up to the levels of 1.3213 – 1.3364.

Analysis: Supposedly, the first wave of senior level (1) has been formed as an impetus on the daily time frame and a downward correction continues forming as the second wave (2). The wave C of (2), supposedly, is developing on H4 time frame, with the wave v of C forming inside. Apparently, a counter-trend impetus of junior level has formed as the wave (i) of v and the local correction (ii) of v finished forming on H1 time frame. If the presumption is correct, the pair will continue to drop to the levels 1.2660 – 1.2580. The level 1.3043 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