Confluences for Trade:
- Waning momentum
- Overbought momentum
- Price action has reversed against a Horizontal
- Widening of the EMAs
- Fundamentally, the chaotic Brexit has made the GBPUSD very choppy to trade and another vote is coming up on the March 12 and the D-day is on March 29. Price action have shown that alot of pricing in has been done on the delay of Brexit but does a delay actually help the UK? Previously mentioned, the GBP is bound for further uncertainty if a delay is the outcome this month.
Entry @ Area of Interest 1.3165 - 1.3300
RR: Approx. 2.20 (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.