Trade of the Week – 03-11-2024 – EURGBP
Weekly Highlights and Performance Overview
Welcome to our “Trade of the Week” page! Here, we spotlight the standout trading signal that delivered exceptional results for our members. This page serves as an educational resource, showcasing the performance of selected trading signals and offering deep insights into the strategies that led to their success.
Featured Trade Signal
https://signalsoracle.com/wp-content/uploads/2024/11/17Nov2024EURGBP.jpg
Date of issue – 03-11-2024
Pair – EURGBP
Entry Price– 0.8301
Stop Loss – 0.8281
Take Profit 1 – 0.8321 | Reward to Risk Ratio – 1:1
Take Profit 2 – 0.8361 | Reward to Risk Ratio – 3:1
Result at a Glance
Outcome – Hit Stop
Note: This trade was shared with our members last week as part of our weekly signals service. For more details, view the original signal here.
Strategic Insights
- Target 1: Set a 1:1 reward-to-risk ratio to ensure a breakeven point.
- Target 2: Set at a 3:1 reward-to-risk ratio, allowing for a maximum profit before the end of the week.
Market Conditions and Analysis
The trade was open over the previous weekend. It continued in the downward direction in the initial part of the week.
Summary and Learnings
Trades left open over the weekend The anticipated reversal happened slightly later and from a lower price.
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