24.10.201911:29 Forex Analysis & Reviews: The fall of the pound. Trading idea for GBPUSD pair

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Good day, dear traders! Today, I present to your attention the trading idea for the GBPUSD pair.

The trading idea is very simple and consists in rejecting the news impulse for its continuation. This is the so-called ABC structure – very effective in the world of trading.

At the heart of wave A is news related to the failed Brexit vote on Saturday, October 24th.

To date, the pound has rolled back up to 50% of this news, and those who are familiar with Fibonacci levels are well aware of what this says. Moreover, today, Europe has already passed the first confirming impulse towards the news itself, which tells us that the bears are still in the market:

I recommend shorting the GBPUSD pair to update the level of the lows of the last four days with profit-taking at the quote of 1.28351. That's where the buyers' stop is now, including those waiting for a positive vote on Saturday. They just have nowhere else to hide. Their stops are very likely to work and possibly go to your profit.

I remind you that today at 12:45 and 15:30, there will be important news on the euro.

Be careful when trading this instrument at the specified time.

Good luck with trading and see you on new reviews!

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.