Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP broke key resistance level 0.8860
2019-11-11 • Updated
- EUR/GBP broke key resistance level 0.8860
- Next buy target - 0.9000
EUR/GBP today broke above the key resistance level 0.8860 (which stopped the previous impulse waves (1), 1 and (i), as can be seen from the daily EUR/GBP chart below). The breakout of the resistance level 0.8860 continues the active impulse waves (iii), 3 and (3) – all of which belong to the sharp primary impulse wave ③ from last December. EUR/GBP can then be expected to rise to the next buy target at the next round resistance level 0.9000 (which reversed the previous correction in 2 in November).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...