SELL NOW - 200 PIPS TRADE Short

Euro Fx/British PoundFXCM

Description

⋅ Jan 31, 2016 1:01 PM

SHORT TRADE :

Entry : Enter @ 0.7600
Target 1 : 0.7500 = 100 pips
Target 2 : 0.7400 = 200 pips

Stop : 0.7675 = 75 pips for low risk traders
Rec Stop : 0.7760 = 160 pips
Risk Level : Medium
RR ratio : 1:1

Comments

agnelmoses

⋅ Feb 1, 2016 1:31 AM

The price didnt break the resistance at 0.7750 and also which is a overbought level. The next strong support is formed at 0.7400. so, its expected that price will fall upto that

dodejobi1

⋅ Jan 31, 2016 9:18 PM

What is your justification for this analysis?