
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
2019-11-11 • Updated
Recommendation:
BUY 1.274 SL 1.2685 TP1 1.2890 TP2 1.3065 TP3 1.3315
On the daily chart of GBP/USD, bulls try to push the pair back within the triangle's borders and implement the "Wolfe Waves" pattern. The first target of that pattern complies with the 1.3315 mark. To begin with, bulls need to stick above the resistance at 1.27.
On H1, if the combination of the "Three Indians" and "Spike and Ledge" patterns based on the 1-2-3 one is implemented, bulls will manage to reverse the downward trend. At first, they need to push the pair above the resistance at 1.274.
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
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