EUR/GBP: bulls count on a wedge

EUR/GBP: bulls count on a wedge

Recommendations:

BUY 0.922 SL 0.9165 TP 0.932

BUY 0.9235 SL 0.918 TP 0.9335

On the daily chart, EUR/GBP is in sustainable uptrend within “Spike and reversal with acceleration”. As long as the pair doesn’t fall to 0.9068, bulls will retain total control of the pair.

GBP1.png 

On H1, EUR/GBP is forming a “widening wedge” pattern. Return of the pair to point 3 will end the process and allow to form longs. More aggressive traders can use the break of the upper border of the trend channel as a signal for opening long positions.

GBP2.png

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XAU/USD: gold was captured by bulls

Recommendation: BUY $1327 SL $1312 TP $1357 TP2 $1395 On the daily chart, XAU/USD is under control of bulls, at least until the pair’s trading above $1306 an ounce…

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