GBP/USD: the pound strengthens

GBP/USD: the pound strengthens

2019-11-11 • Updated


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.



US Dollar: A Dump or a Correction?
US Dollar: A Dump or a Correction?

After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?

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