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 powerful resistance level 1.7650
2019-11-11 • Updated
- GBP/AUD broke powerful resistance level 1.7650
- Next buy target - 1.7800
GBP/AUD continues to rise inside the minor impulse wave 3, which today broke through the powerful, multi-month resistance level 1.7650 (which stopped the previous intermediate impulse wave (1) in May, as can be seen from the daily GBP/AUD chart below). GBP/AUD is expected to rise further in the active impulse waves 3 and (3) toward the next buy target at the next resistance level 1.7800.
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.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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