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LONG:Conservative Majority Sends EUR/GBP Exchange Rate to Lowest Level Since July 2016

 

EUR/GBP Touches 1.5yr Low, But More Downside Potential Remain

After three consecutive daily pullbacks – including fresh yearly lows around 0.84057 as at the week trading starts….we saw a breakout from a minor support lever @ 0.84680 region, we should see more drops for the price to touch our strong support @ 0.83000 region which was April 2018 drop …….From a technical perspective, rates remain in a clear downtrend While it’s true that traders generally fear uncertainty (and with the looming specter of Brexit and now an election in less than two weeks’ time, there is no major currency that’s experienced more uncertainty this year than the pound), it’s also true that ambiguity creates opportunity for traders. Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily […]


EUR/GBP drops to 2019 lows around 0.8470

The European cross has quickly fully reversed the May-August impressive rally to the area above the 0.9300 handle and it has shifted the focus entirely to the downside after falling to levels 0.84821 at our 1st support…where will wait to see a breakout to a stronger support level arounf 0.83000 The euro continues to shed ground amidst some recovery in the greenback coupled with alternating headlines from the US-China trade front. The sterling gained extra momentum today after stop-orders were triggered following the breakout of the 1.30 handle vs. the buck, while latest election poll results keep pointing to a Tory majority win on the December 12 elections. Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually […]