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 resistance level 1.7540
2019-11-11 • Updated
- GBP/CAD broke resistance level 1.7540
- Next buy target - 1.8000
GBP/CAD has been rising sharply in the last few trading sessions inside the minor accelerated impulse wave 3, which belongs to the intermediate (C)-wave from the start of April. The price earlier broke through the three consecutive resistance levels: 1.7100, 1.7240 (two previous buy targets) and 1.7540 (which reversed the previous waves 4 and (2))
GBP/CAD is expected to rise to the next buy target at the next resistance level 1.8000 (former key support level from June). Buy stop-loss can be placed below 1.7540.
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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...