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✅EUR/GBP Sell
Price is near key structure and daily supply level. Rejected the supply aria on 4h chart and formed double top on 1h chart, could drop from now on.
Timeframe: 1H Chart
Entry at 0.8540
Take Profit 1 at 0.8510
Take Profit 2 at 0.8470
Stop Loss at 0.8590
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Status :
Pips Gained : + 26✅WTI Crude Oil Sell
Price is near major resistance line on 4H and daily time frames, RSI is overbought. Could reverse from no on.
Timeframe: 4H Chart
Entry at 71.00
Take Profit 1 at 70.10
Take Profit 2 at 68.00
Take Profit 3 at 65.80
Stop Loss at 72.50
In case of a bullish breakout of resistance, the trade set up would be invalid.
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✅EUR/GBP Sell
Price broke below horizontal support structure and could return to the local bearish trend on higher timeframes. We could see retest of broken support and then aggressive sell.
Best Entry would be 0.8550
Take Profit 1 at 0.8510
Take Profit 2 at 0.8470
Stop Loss at 0.8590
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Status :
Pips Gained : + 40❓What is timeframe in Forex?
❌Timeframe doesn't mean how long we hold the trade or when it will profit! ✅Timeframe means how long it takes for each candlestick to form. We use timeframes to switch between short-term view and long-term view of the chart. We do not keep the trade open according to the timeframe stated in the signal.
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