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 November 20. Pound sterling is waiting for news from Parliament

analytics5bf3b9f0c737e.png

Wave counting analysis:During the November 19 trading session, the GBP / USD currency pair added just a few points and made an unsuccessful attempt to break through the Fibonacci level of 61.8%. Thus, there are again reasons to assume a significant complication of the downward trend. However, this option will be very likely, if from the UK and will continue to receive negative news regarding Brexit. If the parliament accepts the conditions of Theresa May and, thus, there are no new obstacles for an orderly exit of the country from the EU, the pair can still build an upward wave c with targets above 32 figures.The objectives for the option with purchases:1.3175 - 0.0% of FibonacciThe objectives for the option with sales:1.2695 - 100.0% of Fibonacci1.2637 - 261.8% of Fibonacci (senior grid)General conclusions and trading recommendations:The GBP / USD currency pair remains in the process of building an upward set of waves, but the wave marking, if successfully attempted to break through the 100.0% of the Fibonacci level, will require making adjustments. So far, the chances of building this rising wave remain. I recommend buying a pair with the aim of 1.3175 in small volumes, not forgetting about protective orders.

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