Big buy after UK elections
Very similar to the ideas I have posted in almost every GBP PAIR. Forming perfect triangles, check this out:
In this case, I expect EURGBP to at least test multiyear highs in the first half of 2020.
Even tough we saw a huge rally yesterday after the polls were closed. I think there are several reasons to sell:
-Huge resistance level perfectly touched and rejected
-Formation of perfect triangle
-Very Oversold
-Hard brexit won't be easy to negotiate with EU neither good for UK economy
Possible suply zones in blue.
In this case, I expect EURGBP to at least test multiyear highs in the first half of 2020.
Even tough we saw a huge rally yesterday after the polls were closed. I think there are several reasons to sell:
-Huge resistance level perfectly touched and rejected
-Formation of perfect triangle
-Very Oversold
-Hard brexit won't be easy to negotiate with EU neither good for UK economy
Possible suply zones in blue.
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