The New Era for the Euro
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
GBP/USD: bulls made a stop
2019-11-11 • Updated
Recommendation:
BUY 1.357 SL 1.3515
TP 1.367, SELL 1.3465
SL 1.352 TP1 1.34 TP2 1.3325
On the daily chart, GBP/USD formed an inside bar. It points at the indecisiveness of market players. A break of the inside bar’s low together with the formation of “Three Indians” pattern will strengthen the risks of a pullback towards 1.34, 1.33 and 1.3265.
On H1, GBP/USD is consolidating in the 1.3465-1.3570 area in line with “Spike and ledge” pattern. A successful test of its upper border will open the way to the north. On the other hand, a break of support at 1.3465 will increase the risks of correction to 1.3400-1.3420 and 1.3300-1.3325.
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