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.
USD/CHF: Franc is weak
Recommendations:
BUY 0.994 SL 0.9885 TP1 1.004 TP2 1.0125 TP3 1.018
BUY 0.988 SL 0.9825 TP1 0.998 TP2 1.004 TP3 1.0125
On the daily chart of USD/CHF, the pair hasn't reached targets of "Wolfe waves", "Shark" (113%) and AB=CD patterns. The uptrend may recover after rebounds from the important support levels.
On H1, a break of the bottom line of the upward channel will implement AB=CD and "Bat" patterns with 127.2% and 88.6% targets. Rebounds from the convergence may be used to buy.
Ivan Karamazov
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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?
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