Recommendation: BUY 0…
GBP/USD: pound bounced from SSB’s
Technical levels: support – 1.3250/80; resistance – 1.3340, 1. 3410.
- Buy — 1.3270; SL — 1.3250; TP1 — 1.3340; TP2 — 1.3410.
Reason: narrowing bullish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with the horizontal Tenkan-sen and Kijun-sen; the prices are reached the SSB’s support and bounced inside Cloud.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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