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
www.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
www.rcpforex.com
Trade closed: target reached:
Target was hit with 72 pips profit