EUR/GBP is currently forming a clear series of Lower Highs (LH) and Lower Lows (LL) — confirming a bearish market structure. Using the Fibonacci retracement tool, we’ve identified a key resistance zone aligning with the 50%-61.8% retracement levels, making it a strong candidate for a Sell Limit entry.
We will execute two trades with different risk-reward strategies based on this setup.
📌 Trade Details:
Pair: EUR/GBP
Entry (Sell Limit): 0.84315
Stop Loss (SL): 0.84593
Profit 1 (TP1): 0.84037 (1:1 Risk:Reward)
Take Profit 2 (TP2): 0.83759 (1:2 Risk:Reward)
Lot Size: 0.27
No of Trades: 2
Total Risk : $200
Total Potential Reward: Up to $300
⚙️ Trade Strategy:
Trade 1: Targets a 1:1 risk-reward ratio for a quick, controlled gain.
Trade 2: Targets a 1:2 risk-reward ratio to ride the trend continuation.
This strategy allows partial profit booking while still taking advantage of extended downside potential if the trend continues.
🔍 Analysis Tools Used:
Fibonacci Retracement Levels
Market Structure (LH & LL Series)
Resistance Zone Confirmation
✅ Fibonacci Confluence
✅ Dual Trade Setup
✅ Risk-Managed Entries
✅ Bearish Trend Structure
#Hashtags:
#EURGBP #ForexTrading #FibonacciTrading #SellLimit #TechnicalAnalysis #BearishTrend #ForexSetups #PriceAction #TradingView #RiskReward #SmartMoney #MarketStructure #ForexSignals #TradePlan #SwingTrading
We will execute two trades with different risk-reward strategies based on this setup.
📌 Trade Details:
Pair: EUR/GBP
Entry (Sell Limit): 0.84315
Stop Loss (SL): 0.84593
Profit 1 (TP1): 0.84037 (1:1 Risk:Reward)
Take Profit 2 (TP2): 0.83759 (1:2 Risk:Reward)
Lot Size: 0.27
No of Trades: 2
Total Risk : $200
Total Potential Reward: Up to $300
⚙️ Trade Strategy:
Trade 1: Targets a 1:1 risk-reward ratio for a quick, controlled gain.
Trade 2: Targets a 1:2 risk-reward ratio to ride the trend continuation.
This strategy allows partial profit booking while still taking advantage of extended downside potential if the trend continues.
🔍 Analysis Tools Used:
Fibonacci Retracement Levels
Market Structure (LH & LL Series)
Resistance Zone Confirmation
✅ Fibonacci Confluence
✅ Dual Trade Setup
✅ Risk-Managed Entries
✅ Bearish Trend Structure
#Hashtags:
#EURGBP #ForexTrading #FibonacciTrading #SellLimit #TechnicalAnalysis #BearishTrend #ForexSetups #PriceAction #TradingView #RiskReward #SmartMoney #MarketStructure #ForexSignals #TradePlan #SwingTrading
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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.
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.