Recommendation: BUY 0…
GBP/USD: pound still on daily Cloud’s support
Technical levels: support – 1.3900, 1.3830; resistance – 1.3930.
- Buy — 1.3930; SL — 1.3910; TP1 — 1.4035; TP2 — 1.4070.
- Sell — 1.3940; SL — 1.3960; TP1 — 1.3830; TP2 — 1.3800.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keep staying on the Cloud’s support on daily timeframe.
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.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…