Preferred direction: BUY
Comment: The British currency, like the euro, is considered for purchase this week, but not higher than 1.28000. The most likely scenario №1 assumes a pause and possibly a small downward correction, and only then growth towards the level of 1.28000. The current resistance area at 1.27000 is a difficult obstacle for a buyer, but it is all so surmountable.
In the event of an unsuccessful breakdown of the indicated resistance, one can look for a long entry point near the levels of 1.26500 and 1.26000 (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The British currency, like the euro, is considered for purchase this week, but not higher than 1.28000. The most likely scenario №1 assumes a pause and possibly a small downward correction, and only then growth towards the level of 1.28000. The current resistance area at 1.27000 is a difficult obstacle for a buyer, but it is all so surmountable.
In the event of an unsuccessful breakdown of the indicated resistance, one can look for a long entry point near the levels of 1.26500 and 1.26000 (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
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Trade closed: target reached
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.