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.
EURGBP 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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