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On the EURGBP chart there is an expanding wedge to the upside. With the recent range trading conditions in the market we are encouraged to take counter trend range trade and to publish it free. The pair is touching the upper wedge line and the Pitchfork channel line and we expect rejection here.
Recommended trade size 10.000 units 0.1 mini lot, or adjusted to your risk profile and money management.
Sell at the market with SL (stop loss) at 0.8970 and 0.8460 TP (take profit). RR (risk reward is 1:2.5)
Happy trading! (click on the chart to enlarge it)
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