EUR/GBP: let's buy the euro

EUR/GBP: let's buy the euro

2019-11-11 • Updated


BUY 0.8935 SL 0.888 TP1 0.902 TP2 0.909 TP3 0.915

On the daily chart of EUR/GBP, the implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns was followed by the correction as a part of the "Shark" pattern's transformation into 5-0. The reversals towards 23.6%, 38.2%, 50% from the CD wave can be used to open long positions. 


On H1, the pair moved down after reaching the 200% target of the AB=CD pattern and the 88.6% target of the "Shark" pattern. The rebound from the supports at 0.8925-0.8935 and 0.887-0.8875 will help the pair to rise.



US Dollar: A Dump or a Correction?
US Dollar: A Dump or a Correction?

After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?

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