MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Wave analysis of GBP / USD for July 23. The Briton perfectly completed the construction of wave 5

analytics5b5583cf7431c.png

Analysis of wave counting:

During the trades on July 20, the GBP / USD currency pair added about 125 percentage points and an attempt to break the mark of 1.2962 failed, but touching this mark was enough to consider the wave 5, 3, a, completed. If this assumption is correct, now we are expecting the construction of an upward set of waves, but there is also a good chance that the proposed wave 3 will take a more complex and extended form. Thus, in the coming days, one should follow the pair about its behavior in order to determine the further trend. A successful attempt to break the low of July 19 will indicate the readiness of the pair to a new decline.

The objectives for the option with purchases:

1.3445 - 0.0% of Fibonacci (formal goal)

The objectives for the option with sales:

1.2962 - 200.0% of Fibonacci

1.2809 - 261.8% of Fibonacci

General conclusions and trading recommendations:

The GBP / USD currency pair supposedly completed the construction of wave 5, 3, a. For several days (1-2) I recommend observing the pair without opening deals, because now it is necessary to clarify the situation and decide on a new working variant. The probabilities of a downward wave 3, a, and the construction of an upward set of waves with a refinement of wave counting, are now approximately equal.

The material has been provided by InstaForex Company - www.instaforex.com