Alvard

EUR/GBP H4 | Rising to 61.8% pullback support

Short
Alvard Updated   
OANDA:EURGBP   Euro / British Pound
Account FP - #1080732

EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower.

Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.

Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level.

Take profit 1 is at 0.85498 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.41

Take profit 2 is at 0.85412 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28

Total risk 1.3%

High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Trade active:
Sell entry reached at 0.85638. Trade opened LOT: 0.06
Trade closed: stop reached:
Trade Closed. Stop loss Hit. Lifetime Win Ratio for this account now at 57.14%.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.