Recommendation: BUY 0…
GBP/USD: pound going to Senkou Span B
Technical levels: support – 1.2840, 1.2810; resistance – 1.2920.
- Buy — 1.2840; SL — 1.2820; TP1 — 1.2920; TP2 — 1.3020.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud; strong support of Senkou Span B.
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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