After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
GBP/USD is aiming for new highs
2019-11-11 • Updated
TP1 1.3375 TP2 1.355 TP3 1.3785
On the daily chart, GBP/USD pulled back after 88.6% target of the “Bat”. Bulls managed to defend 1.3050-1.3065 and play the Inside bar. The odds of AB=CD pattern and its 200% target increased.
On H1, GBP/USD rose from the upper border of the downtrend channel and support at 1.3085. This means that bulls are still having the initiative. They aim to continue the rally towards 161.8% of the “Crab”.
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