EUR/GBP - What a great pair to trade!

closed at 0.8916, +51 pips

missed entry. i think because of news coming out.
We will probably see a retrace to 90xx i favor 9030
at 8837 or 8858 we could get a bounce of 120+ pips.
i what order it may happen i don't know.
nothing written in stone but i am bearish like i said before.

here is a longshot prediction. Only a few of these predictions of mine have been correct. so dont value it too much.
first 9003
then 8858
then 9030
then down.

buy level with small stop approaching.
its an abcd pattern

rejection went fine. the spike below happened within a fraction of a second. some manipulation cost me my position.
but it does show bullish intentions. if it dips enough i get back in.

look at that. thats why i like this pair.

i think may go a little more down.
to about 8860. the 50% fib

i had the first 60 pips. did not expect this.
biggest daily candle since november 2017



i should short later but i dont know if i have the guts now.
i think consolidation should take longer then the innitial wave.

Great trade!

https://www.forexfactory.com/showthr...7#post11514207

hi guys hows it going.

my 2 cents. looking to see if PA can reach this zone above..... bullish still for me. will see how price reacts to this zone.... may push through else will keep eye out for divergence and topping at this zone.

https://www.forexfactory.com/showthr...4#post11544904

Day Chart:

Day chart says it all for me. Let the scalpers have a go...

i feel 8838 is wanted.
will short there.
i expect many ups and downs after forming a bullish wedge bottoming around 8675

I don't feel that this is a "great pair to trade" at the moment but there is a level which is of some interest to me at the moment.



I will be building shorts from .8860 or thereabouts, with tight stop losses and targets around the .8735 area initially, but my feeling is this trade could reach .8340 if I don't wimp out or completely forget what my original plan was...

And that goes for you, too - anyone reading this - trade carefully, plan your trades and carry them through with the optimum patience. Risk reward could be high, so risk very little. Just going to make a repeating calendar reminder to myself to read this. (Did you move your stop loss?)

Here is an hourly chart with more clearly defined break points and stop loss areas:

Surprisingly there was hardly a pause in the rise of the Euro over the Pound at the level I suggestested. There was a kind of a nod, as it broke, bounced off and continued. Luckily I had my red trend line to confirm the short trade and last week's candle finished strongly bullish, with the monthly candle of October appearing that way too. But last Friday finished with a flourish of a bearish engulfing divergent candle on the hourly. Perhaps profit taking, perhaps a portent of a reversal.

Too late just now for me to join the long trade, in my opinion, I'm still looking to trade this if and when I get the chance. We are within spitting distance of the year open and I do like it when pairs wind up tight. Maybe we will have to wait until March for some clear direction.

Looking better for shorts now.