Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Price action at Resistance of Parallel Channel - Price action close to Another Horizontal Resistance Trendline - Widening gap of EMA - 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.
Suggested Trade: Entry @ Area of Interest 1.3045 - 1.3165 SL: 1.3309 TP: 1.2602 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.