2019-11-11 • Updated
Recommendation:
BUY 0.8825
SL 0.8770
TP1 0.8925 TP2 0.894 TP3 0.902
On the daily chart, EUR/GBP keeps consolidating in the 0.8700-0.9015 range. At the same time, there’s a “Spike and kedge” pattern on the basis of 1-2-3. A break of the upper border of the ledge near 0.8850 will increase the odds of realization of 88.6% and 113% targets of the “Shark”. On the other hand, a successful test of support at штурм 0.87 will open the way down.
On H1, to continue rising EUR/GBP needs to overcome resistance at 0.8825.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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