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 falling inside minor impulse wave 5
2019-11-11 • Updated
- GBP/CAD falling inside minor impulse wave 5
- Next sell targets - 1.6000 and 1.5800
GBP/CAD continues to fall inside the minor impulse wave 5, which belongs to the intermediate impulse wave (3) from the start of August. The active impulse started earlier – when the pair reversed down from the resistance zone lying at the intersection of the resistance level 1.6330, upper resistance trendline of the daily down channel from June and the 50% Fibonacci correction of the downward impulse from the start of August. GBP/CAD is expected to fall to next sell targets at the next support levels 1.6000 and 1.5800.
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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...