Confluences for Trade:
- Overbought momentum (1D, H4, H1)
- Price action at Resistance of
- Price action close to Another Horizontal Resistance
- Widening gap of
- Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit transition is still going to be bad for the UK economy as corporates are not going to do any capital expenditure to improve GDP.
Entry @ Area of Interest 1.3045 - 1.3165
RR: Approx. 2.56 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.