Triple top on GBP/USD

Triple top on GBP/USD

The current technical pattern signals a possible correction of the GBP/USD currency pair after a sharp rise last week. Near the local resistance level of 1.30300, the classic reversal pattern of Triple Top has been formed (H1 timeframe). At the moment, the GBP/USD quotes are testing the support level of 1.29600. We recommend paying attention to this situation.

If the price fixes below 1.29600, you need to look for entry points to the market in order to open short positions. The immediate goal for profit taking is the round level of 1.29000. In the medium term, the GBP/USD currency pair may reach 50.0% -61.8% correction zone. When tracking a position, we recommend using a trailing stop.

by JustMarkets 2018.11.05

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Buka Akaun

Dapatkan Analisis Percuma

* ruang yang diperlukan
Artikel Terakhir
Semua Artikel
Apa itu Analisis Kaki Lilin?
Analisis kaki lilin adalah kaedah popular yang telah digunakan dalam perdagangan Forex untuk menganalisis pergerakan harga dan membuat keputusan perdagangan.
Baca lagi
Apa Itu Kaedah Tindakan Harga?
Kaedah tindakan harga Forex adalah pendekatan perdagangan yang bergantung pada analisis dan tafsiran pergerakan carta harga tanpa menggunakan indikator teknikal biasa.
Baca lagi