Account FP - #1080732
EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower.
Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level.
Take profit 1 is at 0.85498 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.41
Take profit 2 is at 0.85412 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28
Total risk 1.3%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.