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Eurgbplong

EURGBP LONGEURGBP bounced from the support level on the WEEKLY time frame, Also there is a breakout on the upper trend line on the H4. we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
EURGBP Position RR 1-110 (Technical)Yesterday I have Entered this trade with 5 pips stop loss using 2% of my bank account. Currently it moved 50 pips in my direction. I just put it a bit above breakeven. Entry Reasons: On Montly/Weekly we can see that: 1) The price is slowing down. 2) On weekly chart we can see a Falling wedge formation. 3) Plus it is on monthly support level. 4) Also we can see the RSI MACD Divergence. So, in summary on technical side this pair is bullish. Will closely look at its fundamentals in process. My entry was: 0.83101 My Sl: 0.83151 My TP: 0.85601 PS: I wont move my SL to make the price more space to move. Will Update frequently.
Long
by Ryokoooo
1
EURGBP UpdateIt's A Classic Asian-London-New York Session Trade DAY 1 ( Wednesday) It Starts With Asian Box Consolidation London Session = M- Formation , Creating A Liquidity Pool (Reversing Downwards) New York Session = W- Formation , Retracting Upside Stop Loss : -15 PIps Target : +50 PIps 🎯 R:R = 1 : 3.33 DAY 2 (Thursday) It Starts With Asian Box Consolidation London Session = M- Formation , Creating A Liquidity Pool (Reversing To The Upside), Formed A Trencl-line Phantom New York Session = W- Formation , Retracting Upside (Expectation) Stop Loss : -15 PIps Target : +50 PIps 🎯 R:R = 1 : 3 DAY 3 (Friday) It Starts With Asian Box Consolidation London Session = Retesting A Bullish Breaker Block (Showing Willingness To Continue Upside) New York Session = Continuation To The Upside Max Stop Loss (For The Two Trades : -30 PIps MaxTarget : +100 PIps 🎯 Total R:R = 1 : 3.3 Trade Update : TP HIT 🎯🎯
Long
by Prof_Invests_ZA