Trading plan 08.11.2017 - Forex247

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Wednesday, November 8, 2017

Trading plan 08.11.2017

Trading plan 08.11.2017

GBP: Getting ready to play out of the consolidation.

The general picture: the strong data released last week could not start the trend movement - the main pairs are being hammered in the bands for two days - euro, pound, yen are stuck, and the franc has stopped. The situation is complicated by the fact that the euro seems prepared to decline (the head-shoulders figure for the day running - with a target of up to 1.1200), and in contrast, the pound looks ready for growth.

The movement in different directions has not yet been achieved.

As a result, the pound: at a clear horizontal range, we are attempting a breakthrough.

We sell below 1.3025.

We buy above 1.3325.

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The material has been provided by InstaForex Company - www.instaforex.com


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