EUR/USD: another pullback from 144 MA
We've got a 'Shooting Star', so we're likely going to have a decline shortly, which means we should watch the next support...
GBP/USD: bears made a stop
Recommendation:
BUY 1.3610 SL 1.3555 TP1 1.3675 TP2 1.381 TP3 1.3920
SELL 1.3455 SL 1.351 TP1 1.3355 TP2 1.3255 TP3 1.3180
On the daily chart, GBP/USD after reaching 127.2% target of the “Shark” consolidated in the 1.3455-1.3610 area. A break of its upper border will increase the risks of a correction to 23.6%, 38.2% and 50% of the wave CD in line with the transformation of the “Shark” into 5-0. On the other hand, a successful test of support at 1.3455 will open the way down to 88.6% of the “Double top”.
On H1, GBP/USD bears took the initiative in their hands after the formation of a “Broadening wedge”.
Ivan Karamazov
Similar
GBP/USD: market plunged because of 'Triple Top'
There's a 'V-Bottom', so we could have an upward correction. Even so, bears are likely going to test the next support...
EUR/USD: 34 Moving Average acted as resistance
It's likely that the price is going to test the lower 'Window' (1.1107), which acted as support a few days ago...
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
