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Bullish Zig Zag in GBP/USD 15 Minutes Chart

Thursday, January 5, 2017 12:46
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1-6-2017 12-13-49 AMTrend is bullish in GBP/USD currency pair, fifteen minutes time frame. Short term support level is present at 1.2268 price level. Based on Elliott wave analysis, we have got a bullish Zig Zag Elliott wave pattern and I expect price action to continue the rise towards 1.2450 price area.

So, a good idea is to look for a possible buy trading chance and join an up trend. However; if price of GBP/USD currency pair drops below 1.2268 support area then I would prefer to stop myself from trading and re-analyze the price action in GBP/USD currency pair, 15 minutes chart.


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  • Henry Parker

    It’s hard to say where things are going to work out for this, but just need to make sure we keep everything simple and straight forward, as only then we will have best chance as far making profit is concern. I am fairly lucky with, as they are class above the rest with brilliant conditions from Zero spread to high leverages and all such things!

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