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.

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Regards,
Forexgdp Team.

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FOREX GDP

Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.

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