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.