Good morning traders.
Today on my radar is
EURGBP. We have a nice sell setup with several key confluences. As we see there is a raising wedge with the confluence of PP as resistance and 200ma as support. Currently price is in a consolidation phase and we should be looking either rally up or breakout downside. I think the price will break the support and fall down. We should buy at the breakout and the targets are around daily S2 @0.7070-0.7060.
Avto_T
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FB: rcp.royalcapitalpartners
TW: RcpForex
rcpforex.com
Today on my radar is
EURGBP. We have a nice sell setup with several key confluences. As we see there is a raising wedge with the confluence of PP as resistance and 200ma as support. Currently price is in a consolidation phase and we should be looking either rally up or breakout downside. I think the price will break the support and fall down. We should buy at the breakout and the targets are around daily S2 @0.7070-0.7060.Avto_T
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FB: rcp.royalcapitalpartners
TW: RcpForex
rcpforex.com
Trade closed: target reached
Target was hit with 72 pips profit
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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.