Δευτέρα 2 Νοεμβρίου 2015

Technical ANalysis EUR/GBP

The pair has been trading inside a falling wedge for the past 20 days. A falling wedge is a pattern that usually ends up in an upside breakout. We can trade this scenario by opening a Long position should a candlestick close above the upper resistance. Place a stop-loss right under this line in case of a false upside breakout to protect your position.

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