The selling zone for EUR/GBP is identified at 0.85451. It's recommended to take profits at multiple levels: 0.85352, 0.84890, and 0.83970, ensuring a diversified approach to profit-taking. A prudent stop loss is advised at 0.85930 to mitigate potential losses. This strategy aims to capitalize on the downward movement of the EUR/GBP currency pair while managing risk effectively.
Hey, nice chart on EUR/GBP! I see you've got a clear selling zone marked and a staggered approach to taking profits at different levels, which is a smart way to manage potential returns. Your stop loss at 0.85930 is a bit tight to the current price. Did you set it based on a specific technical feature, like recent highs or a moving average? Sometimes giving a trade a bit more breathing room can pay off.
Also, I'm intrigued by the 'STW' labels on your chart. Could you share what these represent? They seem to indicate some kind of pattern or signal – knowing more could really give insight into your strategy. Always keen to learn new approaches!
Also, I'm intrigued by the 'STW' labels on your chart. Could you share what these represent? They seem to indicate some kind of pattern or signal – knowing more could really give insight into your strategy. Always keen to learn new approaches!