British pound breakout soon?
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
AUD/USD: AUD is strong again
2019-11-11 • Updated
Recommendations:
BUY 0.7195 SL 0.714 TP1 0.7295 TP2 0.7325 TP3 0.748
BUY 0.716 SL 0.7105 TP1 0.726 TP2 0.7325 TP3 0.748
On the daily chart of AUD/USD, after the pair reached the 88.6% target of the "Shark" pattern, a logical pullback happened. Bulls need to break the November high and break the resistance at 0.7325 (61.8% of the longterm upward wave).
On H1, there is a transformation of the "Shark" pattern to 5-0. Pullbacks to 23.6%, 38.2% and 50% of the CD wave usually used to buy.
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