DMTradingBG
做多

5-Wave Pattern Scenario - GBP/USD

FX:GBPUSD   英镑/美元
Hello everyone,

I am giving you this possible nice scenario on the GBP/USD             . After a strong movement up in the past 2-3 weeks , the pair broke a weekly resistance level , which now turned in to a weekly support area . First of I want to start with an interesting observation on the Weekly time frame, which I will post as a picture on Twitter. We can see there that the pair made a huge downtrend which started back in July 2014. We can see that the pair made Wave 1, after which it made a correction during May and July in 2015, after which Wave 3 of the downtrend occurred and a new correction as Wave 4 formed in the beginning of 2016. The correction ended at the previous bottom Wave 1 made, as it should, and Wave 5 happened with strong movements down. For those of you who are familiar with the Wave Theory, you know that usually Wave 5, especially its’ last phase is sort of “Panic phase” when traders that are entering very late push the price down with huge movements. This is what we can observe October 2016. After that a follow up as usual after the 5-wave             cycle, we had a Zig-Zag formation and now we broke that formation with a strong move up. Now back to the 4-Hour chart where we can see that after the NFP results on Friday the pair retraced back to the Weekly Resistance Area , which was broken and now turned in to a Support. If the analysis regarding the Wave pattern are correct, I expect the pair to start moving up from that point – so we will most likely see a new H4 uptrend this week. If the Weekly Support Area is broken I have added a Sell Zone, just in case I am wrong about the Wave pattern. Below you can find information regarding the Buy and Sell zones, and as usual I will update the idea here and post Live Signals on our Twitter page.

Don’t forget that we are still following our plans on the EUR/CAD and GBP/JPY             which I posted 2 weeks ago.

Buy Zone 1: 1.3055 – 1.3250
Buy Zone 2: 1.3270 – 1.3420
Sell zone: 1.2985 – 1.2830

I wish everyone a profitable week and follow us on Twitter for Live Signals on our plans.
More statistical information regarding our trades and the ones I post as Live Signals, you can find on our Blog. :)
评论: Almost fully covered the Sell zone. I will be monitoring the pair and post you with updates or if a possibility occurs I will post Live Signal on Twitter. Good luck :)
订单已取消: Pair already covered our Sell Zone. Unfortunately I missed the trade here. I will continue monitoring the pair and will make a new plan if I see a good opportunity. Good luck! :)
Follow us throughout our social media profiles:

Youtube Channel: DMTrading Bulgaria
Twitter Page: DMTBulgaria
Facebook Page: DMTrading Bulgaria
Blog: http://www.dmtrading.bg/blog/?lang=en

Additional educational articles-Medium: @dmtradingbg
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出