Medium-term trade setup: EUR/GBP analysis
price has overextended into the highs of 0.9000 which is a key psychological level, looking closely at candlestick behaviour we see wicks rejecting the highs showing a slowdown in momentum into the regional area of 0.9000 which has several confluences acting as a resistance. Fundamentally, the strength of the sterling ahead the next couple of weeks(lowered chances of no-deal Brexit) would be the catalyst needed to outperform the EUR and reverse to areas of support like 0.88000.
Great risk/reward trade 1:5
trade safe my ppl!
Great risk/reward trade 1:5
trade safe my ppl!
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