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EUR/GBP Potential Downward Movement

EUR/GBP Long-Term Trend: Bearish

Key Resistance Levels: 0.85912, 0.86134, 0.86354

Key Support Levels: 0.85732, 0.85592, 0.85190

4-Hour Chart:

The price on the higher time frame has been in a downtrend after it broke a trading range of 0.87180 and 0.86640 to the downside. The pair has broken another support level of 0.85760 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 0.86354 and 0.86134 and sustained below that. As of now the pair has broken and retested a minor level of 0.85912 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 0.85850

TP @ 0.85761

Stop Loss @ 0.85939

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

8 comments

  1. Is the vip the same as paying for the bot?

  2. Hello Vipul, for every trade that earns profit, is there a any percentage taken away just for using the service ?

  3. Good morning Vipul

    I’m interested in joining the VIP signals community. Kindly advise on the below:

    1. At what time are trades posted considerering the time difference with South Africa.
    2. Which time frames are used to execute trades and are those times clearly communicated to the subscribers?

    Thanking you in advance

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