ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor EUR/GBP Long-Term Trend: Bearish
Key Resistance Levels: 0.86322, 0.86839, 0.87095
Key Support Levels: 0.85695, 0.85328, 0.84859
Daily Chart:
The price on the higher time frame has been in a downtrend recently after it tested a major key level of 0.86927 and reversed. The pair has continued to break the EMA and a support level which suggests further trend continuation.
EUR/GBP Medium-Term Trend: Bearish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It faced resistance just at 0.86839 level and reversed. As of now the pair broke a support level of 0.86322 and retested before continuing the momentum.
Signal Idea:
Sell Stop Order @ 0.86056
TP @ 0.85739
Stop Loss @ 0.86373
Trade Safely 🙂
Moving stop loss to break even means move SL to the price of the sell order?
Yes that is correct.
What time is trade starting?
I just entered this is my 1st trade from you guys.. should we are holding this trade right?
Do we put the order in as soon as the message is posted?
It is a pending order so doesn’t matter when you put the order just make sure entry,SL, & TP are the same.
I just spotted a gap on previous news release, 05/01/24 17:00
Could that make us more confident about this trade?
Sure but remember to have good risk management no matter how confident in a trade.