Ideas for trading EURGBP pair on April 8, 2020 -

Time for ideas: 9:15 on April 8, 2020, Vietnam time.

Time frame: Dailly


At the moment, EURGBP price chart is forming an upward wedge pattern. According to experience, when the upward wedge pattern appears, the price is likely to go down. This is a good opportunity to sell EURGBP at the moment.

Refer to how to deal with the wedge model in the following article:

Recommendation: This is just a Trading Idea. For more accurate analysis, you should incorporate other indicators that you have mastered. In particular, always focus on capital management methods to prevent any possible market situation.

Author: DuongHuy

Partner's analysis FX24

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