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Kindly note what happens to the pair in each month of may during the past years, I expect a bearish wave is in process now and it will gain more momentum during May.
GBPUSD is getting ready to a strong bounce as it shown on the chart also there is a bullish Gartley pattern in formation process supporting buying from the green area, a good re-enter also is from 1.3920 which represent 61.8% fibo.
fundamentally GBPUSD always goes up in April, check that on the monthly frame.
Thank you and goodluck
The chart shows the expected scenario in terms of Elliot waves analysis
COINBASE:BTCUSD declined rapidly to the current support level which may provide some supports recovery attempts to 10k and beyond
breaking this level will increase testing fibo 61.8% probalitiy near 8,240
any close above that level could send the currency to 6,500
a good level to BUY XRP now
Place an Buy order at 1333.36$ with SL at 1320$ TP1 at 1342$ TP2 1356$
Wait the daily close above 1.40005 to buy
TP and SL on the chart
BTCUSD is heading to 9500 after rejecting from the descending channel upper line (first Target), breaking that level opens the way to 9100 where buyers may emerge.
long term investor should buy after stabilizing above 12k
on the medium term fibo 61.8% would be the last chance for buyers
BUY Setup entry target and stop on the chart
Buy GBPUSD after breaking 1.3890 with SL at 1.3735
Note: a daily close under 1.3700 supports the bearish Outlook
we are in wave 5
stop should be placed at 1.1520
Target and stop loss on the chart
BUY GOLD after breaking 1313$ or after retesting the broken descending line near 1300$ placing your Stop Loss at 1285$ and Targeting 1350$ for Medium Term and 1400 for Long Term.
BUY USDCAD if it break 1.2610
SL and TP1 and TP2 on the chart
1- Positive divergence on MACD
2- Breaking the neck line would confirm the Head and Shoulders Pattern on 4H time frame
3- Breaking Resistance at 0.7335 supports the bullish outlook
1- USD is weak because of the Trump Decisions and FED concerns about weak inflation data which may enforce them to lower their ...
1- strong resistance at 200 MA on the weekly time frame
2- failed to break the range that contains pair's highs
3- rejecting from 61.8% on the 4h time frame
1- ECB government council may show their concerns towards EUR recent appreciation
2- risk aversion is supporting JPY
3- if the ECB disappoint ...
Gold Failed to Break the resistance close to 1300$ which supports selling it now targeting 1255$ with SL at 1295$
The pair broke descending channel and it about to close above MA100 which paves the way to buy it next week if it holds above 0.7900 targeting 0.7940 then we will watch the dollar index to decide which way it will take later.