Sep 20 2018

Trade idea for the day

EURUSD: Ascending Triangle with higher lows and stagnant highs is formed on the hourly chart – indicating bulls to gather momentum. RSI(14) is neutral at 50 mark.

Our Preference: – Buy at 1.1670

Target – 1.1710

Stop loss – 1.1650

 

GBPUSD: The pair is trading in an upward sloping trend channel in hourly chart. RSI (14 period) is just above 50 mark or looking to be in a neutral zone.

Our Preference: – Buy at 1.3145

Target – 1.3175 and 1.3200

Stop loss – 1.3117