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 rising inside minor impulse wave 3
2019-11-11 • Updated
- GBP/CAD rising inside minor impulse wave 3
- Next buy target - 1.7770
GBP/CAD continues to rise inside the minor impulse wave 3, which recently broke the resistance zone lying at the intersection of the resistance trendline of the daily down channel from March (which encloses the previous medium-term ABC correction (B)) and 50-day moving average. GBP/CAD is expected to rise further toward the next buy target at the next resistance level 1.7770 (target price for the completion of the impulse wave 3).
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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...