EURGBP is trading in a rising wedge pattern. It has tested a long term resistance line but failed to give a breakout from the resistance line, so we think it might reverse from the current point towards the support, which will be the first downside target for EURGBP . One can initiate the short side trade at the current level with a stop loss just above the resistance line.
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Thanks
Vivek
have half a decade of experience as a trader and enthusiastically learning & developing new strategies and convert it into algorithm trading & also analyzing the companies with ESG method.
