Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops
GBP/USD: consolidation over Cloud
2019-11-11 • Updated
Technical levels: support – 1.2980/90; resistance – 1.3020/40.
- Buy — 1.3050; SL — 1.3030; TP1 — 1.3100; TP2 — 1.3130.
- Buy — 1.2990; SL — 1.2970; TP1 — 1.3040; TP2 — 1.3100.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; the market is out from the overbought area soon and may go higher.
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