EURGBP | Rejected by Ichi Cloud Resistance

2020-01-23 16:35:48

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Initiate Short.

Entry - 0.84398
TP1 - 0.83006
TP2 - 0.81294
SL - 0.84853

Reason: If price get our Entry simultaneously it loses Pivot Point support. Also the Price was rejected by Ichimoku Cloud.

Please consider initiate your position after price loses Pivot Support, even you get lower R/R ratio, so that you won't be fakeout.

Mid Term Trade

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.