For Traders

Analytical Reviews

Wave analysis

08.11.201815:45 Forex Analysis & Reviews: Simplified wave Analysis. Review of the GBP / USD for November 8

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Wave pattern graphics H4:

From August 15, the trend of the major trend. The first parts of the wave are completely formed.

Wave pattern graphics H1:

Beginning from September 20, a downward wave zigzag in the H4 wave.

Wave pattern graphics M15:

The wave of October 30 has a pronounced impulse character. The price is approached. Before the final pull-down, a lateral flat is likely.

Recommended trading strategy:

Sales pair are premature. It is recommended to track the signal. The preliminary lifting potential is limited to rated resistance.

Resistance zones:

- 1.3220 / 1.3270

Support areas:

- 1.3050 / 1.3000

Explanations for the figures: The simplified waveform analysis (A - B - C). For the analysis, 3 main TFs are used, it is analyzed. Zones show calculated areas with the highest probability of reversal.

The arrows indicate the number of wave markings used by the author. The solid background shows the formed structure.

Note: The wave algorithm doesn't take into account the movement of movement over time. To trade a trade transaction, you need to confirm your trading systems!

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.