Trade ideas for March 28 - April 1
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 falling inside minor impulse wave 1
2019-11-11 • Updated
- GBP/AUD falling inside minor impulse wave 1
- Next sell target - 1.6450
GBP/AUD continues to fall inside the minor impulse wave 1, which belongs to the sharp primary impulse wave ③ from the start of May. The price earlier broke through the support zone lying between the round support level 1.7000 and the 38.2% Fibonacci correction of the previous sharp intermediate impulse wave (C) from the middle of March – which strengthened the bearish pressure on this pair. GBP/AUD is expected to fall to the next sell target at the next support level 1.6450 (previous resistance level from February).
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