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: consolidation inside a channel
2019-11-11 • Updated
Technical levels: support – 1.2750; resistance – 1.2900.
- Sell — 1.2900; SL — 1.2920; TP1 — 1.2800; TP2 — 1.2750.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market corrected to the channel Tenkan-Kijun; waiting for the bounce from Kijun-sen.
The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.
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