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).
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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