EURGBP Support Breakout and Short Opportunity

EURGBP Support Breakout and Short Opportunity

Published: 08-14-2018

Pair / Instrument: EURGBP

Time Frame: H1

The trend in the Timeframe: BEARISH

The trend in the Daily Chart: BULLISH

Description:  EURGBP is testing the 0.89100 support. The pair broke the support and pulled back. Short opportunity by the close below 0.89120

Trade Based On: Support Breakout

Accuracy: %93

Trade: SHORT

Entry: 0.89120 ( Close Below)

Stop Loss: 0.89250

Take Profit 1: 0.88950

Take Profit 2: 0.88800

Take profit 3: 0.88600

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURGBP Forex Trade Idea: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility