EUR/GBP - What a great pair to trade!

sell for me

closed

buy limit on the end of fourth cycle targeting the 48 MA in the next days.

I missed the train

Time to sell. Take profit at Daily S1

Small loss

Hello, moment-by-moment analysis of the gold symbol. Short and long times /
We invite gold market enthusiasts to join us

https://www.forexfactory.com/thread/...7#post13094107

Sell

Take profit hit

Hey where's everyone? Hello?

EURGBP short trade. Target 0.70ish (yes, almost 2k pips down)

Hi Tehnoob,

I am in short a well. For me COT report sentiment Hedge Funds and price on chart are agreed so i opened short last week.

I am curious what is behind your idea "Target 0.70ish (yes, almost 2k pips down)"?

Thank you

Sincerely
Kefasa

Hello Kefasa! Well it's hard to explain but my position is a combination of fish hunch (which I tend to trust), my overall USD weakness bias over the next several months to a couple of years, and what I see in long term chart patterns, but I have my own way of looking for patterns. I don't mean engulfing candles, harmonics etc. Let's just say I have my own way of looking for similar patterns of movement and drawing projections. I have been trading for over 17 years now and more than 20 if you count share trading so maybe that's what happens sometimes when you spend so much time looking at charts. That doesnt mean that I always get what I "see"! But usually once or twice a year I will develop a strong bias over such patterns and bet a sizeable % of my account on it. Last time I did it was in February this year. I didn't expect I'd get another so soon, but I have, so I am moving on it now.

My bias is that some pairs, like GBP/USD, EUR/USD, EURGBP, USDJPY, GBPJPY will return to the levels of end 2014/1st half of 2015.

This also matches well with my overall bearish USD bias for the next couple of years since this COVID crisis began in February.

Sorry that this probably doesnt provide much of an explanation

Hi Tehnoob,

Thank you for explanation you ideas. It is understand for me. You use practise+experience from the past. It is good. Recently I do not look on chart as most here. Indicators such as stoch, macd, ma and so on... are useful but it is not decisive for make global overall view on market. I have started to look for what move the price behind chart,

Today CFTC will issue new release COT report so I am going to update sentiments of Hedge Funds in mid/long term on GBP.

Sincerely
Kefasa

Continuation of previous post 4 months ago:

Hey where's thenoob? Hello?

If that is a typo on the chart - 0.8077 - should be 0.8877 - then you nailed the low as I have 0.8866 on my broker

skyrocket 400 pips up, and it's big value PIPS on this pair

good luck with trading that BIAS, maybe try some technical analysis to go with it

Hi all,
this pair are in starting wave 5 so good opportunity to buy position.
good luck

nice %2 gain in just 3 hours

What kind of SL do you plan to achieve the "0.70-ish"?