Good day trader,
We have just two days and some hours left before we step into the month of November. The big questions we should ponder over are:
- Can we hit/surpass our monthly target within these few days left?
- Can we manage a comeback from a bad trading month or
- Can we muster the discipline to keep that little itchy finger away from our charts in order not to completely mess things up for us?
These are the questions that ponder my mind anytime I have few trading days left in my fuel tank.
That said, let’s see what the charts has for us.
1. GBP/USD
GBP/USD is currently resting on a critical support level (1.28107).
Last week the bears broke a support level (1.29295) which we very much waited for, and after that, the bears drove price to the next support level, which we are currently observing.
A breakout from the present support should send price to the next support level (1.26614). However we could also see a reversal at the current level, which may send price back to a former support level which may pose as a resistance level (1.29295) this time.
That’s all we have for today, we hopefully look forward to having better and more setups tomorrow.
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