Confluences for Trade: - Waning momentum in demand for GBP - Price action bounced off resistance line (since September 2018) - Stochastic Overbought momentum (1D and H4) - Breaking steep S/T Trendline - Fundamentally, Brexit uncertainty still remains in both negotiation between EU and UK; reports of good news for Brexit are not official annoucements and Barnier said that there will be no deal until there is a solution to the Irish border issue
Suggested Trade: Entry @ Area of Interest 1.3100 - 1.3165 SL: 1.3193 TP: 1.2939 RR: Approx. 2.03 (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.
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Lock in profits for half the position and move SL to BE.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.