EUR/GBP Long-Term Trend: Bearish
Key Resistance Levels: 0.8459, 0.8516, 0.8598
Key Support Levels: 0.8395, 0.8317, 0.8251
The price on the higher time frame has recently reversed from a strong resistance level of 0.8598 and after that, it also broke a small support zone near 0.8459. As of now, the price looks good for the bearish candidate.
EUR/GBP Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction while making lower highs. The price broke and retested a zone of 0.8528 and then continued the bearish move. A minor support level of 0.8456 has also been broken and retested which makes it a good bearish candidate.
Sell Stop Order @ 0.8431
TP 1 @ 0.8393
TP 2 @ 0.8355
Stop Loss @ 0.8469
Trade Safely 🙂
will there be any other free signal today as this one did not trigger
There might be but fewer chances.
What to do if the trade doesn’t event trigger today should I cancel it
Yes, the trade has been cancelled.
Our entry price for this trade is 0.8431 and the candle made a low of 0.8433 so the trade is not even triggered yet.
SL hitted 😔
The trade is not even triggered yet.