Friday , 22 November 2024
Home Forex EUR/GBP Price Forecast 28th October 2024
Forex

EUR/GBP Price Forecast 28th October 2024

Strategy: Flip 55

The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%.

Recommended Timeframe

This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes.

Trade Details

Currently, the Flip 55 strategy has identified a trading opportunity on the EUR/GBP pair within the H1 timeframe. I’ve shared a trade setup image for your reference. The details of the trade are as follows:

  • Pair: EUR/GBP
  • Timeframe: H1
  • Buy Stop: 0.83460
  • Stop Loss (SL): 0.83180
  • Take Profit (TP) 1: 0.83600
  • Take Profit (TP) 2: 0.83740
  • Take Profit (TP) 3: 0.83810

Lot Size

For risk management, ensure you do not risk more than 2% of your account per trade. For instance, with a $10,000 account, the maximum risk should be $200.

This Trade Ideas is brought to you by:
=>> Forex Kick Start’s Systems

Get a FREE $50 trading bonus and 50% trade rebates/cashback when you sign up using this unique sign up link with Partner Code “7W3JQ“.

To Your Success!
Tim Morris

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

FX option expiries for 22 November 10am New York cut

There is arguably just one to take note of on the day,...

USD adding on a few points: AUD, CAD lower. USD/JPY back to its session high.

The moves aren't large, but just noting some USD strength coming in....

PMI data back in the spotlight to wrap up the week

The dollar held a bit more of a mixed mood since trading...

ForexLive Asia-Pacific FX news wrap: Gold, BTC up

Federal Reserve Board Governor Michelle Bowman speaking FridayJust over half of economists...