The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
In the current analysis, GBP/USD is undergoing the construction of an upward active wave Z from the perspective of wave analysis. It has a complex internal structure in the form of a double zigzag [W]-[X]-[Y]. It is possible that the first active wave [W] has been fully completed. Additionally, a downward combination wave [X] could also be constructed.
Thus, in the recent segment of the chart, we can observe the development of a bullish active wave [Y], which may take the form of a standard zigzag (A)-(B)-(C). The first impulse wave (A) has already been completed, and a bearish correction (B) to it has also been constructed. Soon, market participants can expect a price rise in the final impulse wave (C).
As of today, there are no significant news events that would impact the market. Therefore, nothing prevents the current forecast from materializing. Opening long positions with the target of taking profit at the end of the impulse (C) can be considered.
The end of wave [Y] is determined using the Fibonacci expansion tool. At the level of 1.2940, the magnitude of wave [Y] will be 61.8% of [W].
Trading recommendations: Buy at 1.2717, take profit at 1.2940.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
