Reason for Selling EUR/GBP :
EUR/GBP was moving between the ranges in H4 Chart.
Finally market broken the bottom level of the range with more number of sellers pressure.
After breakout, market re-tested previous breakout level again and starts to move down.
Our Analyst team wait for the confirmation of downward movement and provided the sell signal on EUR/GBP.
EUR/GBP reached our Profit Target Successfully.
Education Notes :
Why Re-testing the Breakout Level is more important ?
After Market Breakout from the range, If market Re-test the previous Breakout level and starts to bounce back, then we can expect big and sharp movements from that Breakout level. That’s the reason, we have given Sell signal on EUR/GBP after more confirmations of Downward movement.
Start to Learn, Trade Forex market in technical ways with the help of Forex Experts team.
Please Don’t Trade forex market all the time, trade forex only at good opportunities available in the market.
Trade with care.
Save your time on analyzing the market and take your trades only at good opportunities available in the market.
If you want to receive forex trading signals at best trade setup with chart analysis, subscribe now to our forex signals.
