Visitors Now:
Total Visits:
Total Stories:
Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Bullish Zig Zag in GBP/USD 15 Minutes Chart

Thursday, January 5, 2017 12:46
% of readers think this story is Fact. Add your two cents.

(Before It's News)

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.



Source: http://fxinstructor.com/blog/bullish-zig-zag-in-gbpusd-15-minutes-chart

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • 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 http://www.tradewisefx.com/, as they are class above the rest with brilliant conditions from Zero spread to high leverages and all such things!

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.