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/AUD broke resistance level 1.7730
2019-11-11 • Updated
- GBP/AUD broke resistance level 1.7730
- Next buy target - 1.8090
GBP/AUD recently broke the resistance level 1.7730 (which stopped the previous minor correction A with the daily Shooting Star at the start of June). The breakout of the resistance level 1.7730 accelerated the active minor impulse wave C of the medium-term ABC correction (2) from June. With the sharply rising daily Momentum, GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.8090 (top of wave 4 from May).
Similar
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.
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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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...