Trade: Long
Target 1: 0.866
Target 2: 0.872
Target 3: 0.887
It looks like the same thing happens here on EUR/GBP chart for the third time. We can see how the price is consolidating in the "buy zone", while the RSI is slightly going up. The previous two times these consolidations were followed by a pump and we do not believe this case will be an exception.
P.S. On the global chart, the RSI has formed a triangle and the chart is getting squeezed to the upper border. After the breakout, a big explosion will happen. The global target for this currency pair is 92.2.
Target 1: 0.866
Target 2: 0.872
Target 3: 0.887
It looks like the same thing happens here on EUR/GBP chart for the third time. We can see how the price is consolidating in the "buy zone", while the RSI is slightly going up. The previous two times these consolidations were followed by a pump and we do not believe this case will be an exception.
P.S. On the global chart, the RSI has formed a triangle and the chart is getting squeezed to the upper border. After the breakout, a big explosion will happen. The global target for this currency pair is 92.2.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.