GBP/USD: levels to trade
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
Get a trade signal for USD/CAD
Recommendations:
BUY 1.305 SL 1.2995 TP1 1.315 TP2 1.325 TP3 1.3275
SELL 1.2925 SL 1.298 TP1 1.285 TP2 1.281 TP3 1.2755
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern. To continue the rally and reach the 88.6% target of the “Shark” pattern, the pair needs to break the resistance at 1.3075-1.3085 (the October high – the 23.6% level of the long-term upward wave).
On H1, the pair is retesting the 2-4 line of the “Wolfe waves” pattern. If bulls are able to hold the pair above 1.2955 and break the resistance at 1.305, they will pull the pair up.
Ivan Karamazov
Similar
AUD/JPY needs to decide
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
Latest news
GBP/USD: levels to trade
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
AUD/JPY needs to decide
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Deposit with your local payment systems
