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EUR/GBP Potential Downward Movement

EUR/GBP Long-Term Trend: Bearish

Key Resistance Levels: 0.85756, 0.85950, 0.86135.

Key Support Levels: 0.85470, 0.85123, 0.85000.

1-Hr Chart:

The price on the higher time frame is forming an inverse head and shoulders which might lead most probably to a reversal and a move lower. The market posted a bar with a long wick to the upside showing that the sellers are about to take control.

EUR/GBP Medium-Term Trend: Bearish

15-Mins Chart:

On the lower time frame, the market is traded inside a bullish channel where we can notice the appearance of big bodied bearish bars which is a sing that the bears are about to reverse the price. a higher correction could be seen before new bearish impulsive wave toward the target profits.

Signal Idea:

Sell Limit Order @ 0.85783

TP 1 @ 0.85498

TP 2 @ 0.85123

Stop Loss @ 0.85923

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

4 comments

  1. A bit of a newbie here.
    How do You calculate Lot size got these trades?
    Do you use any calculator or recommend one?
    I failed to find any instruction.
    Thanks for the free signals.

  2. Can I trade your VIP signal on a $150 account and what will be the estimated daily profit?

  3. i missed today siginal but i saw it was good please just let us know the time it will come tomorrow so we will get prepared i love your good works keep it up

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