Why I Think EURGBP Will Continue to Sell

25 sept. 2023

Hey Rich Friends,

I think EG will continue to sell for a bit. Here is what I am looking at.

Why:
- Prior rejections in this area (red rectangle).
- Break of structure on the previous candle
-MOM is negative
- STOCH below 50

WAIT FOR:
- Candle to close below 50 EMA

SL: 0.87400 or Higher (40 PIPS)
TP 1: 0.86600 (40 pips) 1:1RR
TP 2: 0.86400 (60 pips) 1:1.5RR
TP 3: 0.86200 (80 pips) 1:2RR


Result:
Pending

Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Adjust Your Tp And Sl To Your Actual Entry.

26 sept. 2023

Transaction en cours

Sell limit triggered at 0.87000 and trade is currently in profit.

27 sept. 2023

Trade fermée: cible de profit atteinte

TP 1 HIT! TP 2 AND TP 3 ARE PENDING

28 sept. 2023

Note

TP 2 HIT! TP 3 PENDING!

9 avr. 2024

Note

You can register for my course here:

themoneymantra.talentlms.com/plus/external-catalog