Aug 13 2018

Trade idea for the day

EURUSD: Hidden divergence in 14 period RSI is visible on 30 minutes chart. Immediate resistance of 50 period EMA is at around the current market levels, and it is trying to resist the pair not to move higher

Our Preference: – Sell at 1.1395

Target – 1.1365

Stop loss – 1.1408

GBPUSD: The pair on 30 minutes chart has break the symmetric triangle range on downside, which is indicating the pair to fall further. MACD and Signal line has given the bearish crossover

Our Preference: – Sell at 1.2740

Target – 1.2700

Stop loss – 1.2760