Trading Signal for GBP/USD for November 24 – 25, 2020
November 24, 2020 3:24 pm
our analysis we clearly indicated this correction of the pair, at this moment we can notice that there is downward pressure.
Be very careful and buy only above 1.3330, if the pair trades below this level we recommend that you sell this pair with targets up to 1.3270 and 1.3240.
An upward rebound at 1.3240 in 1-hour chart, there is the EMA 200 days, it would be a good opportunity to buy this pair. The Aguila indicator is showing a bearish signal in the short term. A consolidation at 1.3180 is likely.
The market sentiment for this morning shows that there are 62% of investors with positions in selling, thus giving this pair a bit of upward force or at least it consolidates at support levels of 1.3180. We expect that in the medium term it will reach levels of 1.3427.
Trading tip for EUR/USD for November 24-25
Sell if pullback to 1.3425 (6/8 murray) with take profit at 1.3305 and stop loss above 1.3460
Buy if the pair rebounds to 1.3305 (5/8 murray) and 1.3240 (EMA 200) with take profit at 1.3380 and 1.3427, stop loss below 1.3200
Sell with a convincing break below 1.3240 (break out bellow EMA 200) with take profit at 1.3183 and 1.3125 stop loss above 1.3305.
The material has been provided by InstaForex Company – www.instaforex.com
Be very careful and buy only above 1.3330, if the pair trades below this level we recommend that you sell this pair with targets up to 1.3270 and 1.3240.
An upward rebound at 1.3240 in 1-hour chart, there is the EMA 200 days, it would be a good opportunity to buy this pair. The Aguila indicator is showing a bearish signal in the short term. A consolidation at 1.3180 is likely.
The market sentiment for this morning shows that there are 62% of investors with positions in selling, thus giving this pair a bit of upward force or at least it consolidates at support levels of 1.3180. We expect that in the medium term it will reach levels of 1.3427.
Trading tip for EUR/USD for November 24-25
Sell if pullback to 1.3425 (6/8 murray) with take profit at 1.3305 and stop loss above 1.3460
Buy if the pair rebounds to 1.3305 (5/8 murray) and 1.3240 (EMA 200) with take profit at 1.3380 and 1.3427, stop loss below 1.3200
Sell with a convincing break below 1.3240 (break out bellow EMA 200) with take profit at 1.3183 and 1.3125 stop loss above 1.3305.
The material has been provided by InstaForex Company – www.instaforex.com
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