Bearish Engulfing and Outside Bar on GBP/USD

Bearish Engulfing and Outside Bar on GBP/USD

The Price Action technique indicates a correction of the GBP/USD currency pair after a significant growth over the past two weeks. A number of classic patterns, Bearish Engulfing and Outside Bar, (H4 timeframe) were formed near the local offer zone of 1.33600-1.33800. At the moment, the price is testing a "mirror" support level of 1.32800. We recommend you to pay attention to this situation.

If the price fixes below 1.32800, the correction of GBP/USD is expected. The closest target for profit taking is the level of 1.32200. The movement is tending to 1.31750-1.31500. When tracking the position, we recommend using a trailing stop. Confirmations and entry points to the market should be looked for on the lower timeframes.

by JustMarkets, 2017.11.28

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