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!
GBP/CAD broke combined resistance zone
2019-11-11 • Updated
- GBP/CAD broke combined resistance zone
- Next buy target - 1.7490
GBP/CAD continues to rise inside the impulse waves 3 and (3) which previously broke trough the combined resistance zone lying between the resistance level 1.7150 and the 61.8% Fibonacci correction of the previous primary ABC correction ② from the start of May. GBP/USD is expected to rise toward the next buy target at the next resistance level 1.7490 (which reversed the previous correction 2 in June).
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USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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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...