ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor EUR/GBP Long-Term Trend: Bearish
Key Resistance Levels: 0.86414, 0.86658, 0.87100
Key Support Levels: 0.86143, 0.86009, 0.85817
4-Hour Chart:
The price on the higher time frame has been in a downtrend recently and it consolidated for some time between 0.87180 and 0.86639 until the lower range was broken. It has broken another support level which suggests further trend continuation.
EUR/GBP Medium-Term Trend: Bearish
30-Minute Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.87100 and 0.86658 and sustained below that. As of now the pair has broken and retested a minor level of 0.86414 before continuing the momentum.
Signal Idea:
Sell Stop Order @ 0.86309
TP @ 0.86166
Stop Loss @ 0.86452
Trade Safely 🙂
The TP is above the order and it is a sell order? Is this right?
Ah sorry you are right it was a typing error. Thank you for pointing out.
Thanks for adjusting. It hits the TP so thanks a lot! I have another question: I follow your signals with a low amount of money. Can i use leverage to make the trades more profitable? If so, what kind of leverage should I use?
Higher leverage goes against good risk management practices. Try to gradually increase the amount that will be my advise.
How much in perenctage your target in 1months in the vip signal?