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Good day, dear traders! After the collapse on Monday, all analysts unanimously recommended "shorting the pound" - and this is understandable. But please note that only my forecasts have a profit-fixing point, and it has already worked at the level of 1.29500.
But according to the old trader's assumption: "how many days have been consumed – so much will be the trend" - the pound has a great potential to continue falling. Let's see when and how it can be implemented in the most technically competent way.
I propose to consider the structure of "ABC" on D1:
As a rule, the testing takes place after a false breakdown of one or two days in the area of 50% of the rollback from the wave "A".
This can happen today on the news:
For more conservative traders, I recommend waiting for the Price Action signal around the 50% pullback from the absorption on D1.
Good luck with trading and control your risks!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
