EUR/GBP - What a great pair to trade!

supply zone to short it by, looking for a move lower from here.

Anything GBP is great to trade.

(new trader alert - post #2); am messing around with indicators and trying to put a clunky strategy together, trying a renko chart on H1 and noticed 2+ red blocks hinting at a sell opportunity on EURGBP, mfi which looks like its going down, and an awesome oscillator going south. Got some moving averages going as well, 20 period crossing the renko blocks telling me to sell, and a 50 period just about to cross an 8 period which if it crosses is another sign to sell. Lets see what happens next week - good luck to everyone!

anyone ???

sell EUR GBP..

#EURGBP / Weekly, Daily & H4

can i ask what indicators you're using in the top window

EURGBP was definitely fun to trade. I believe it is still great today.

I saw many traders on this thread went short. It was a counter-trend move. Nevetheless, I jumped on to the bandwagon. It was surely risky.

I still have my trades open, 15 in total. The earliest was since 30 Aug 2022. One month ago.

I did close profitable trades between Aug and Sep, but my intention is to see what possible return we can achieve, during this volatile period.

Let's see how we manage this.

Best,
Cat

#EURGBP / Weekly

Situation update on my EURGBP.

Six trades with 0.12 lots in total were closed since yesterday. Three more short trades totalling 0.09 lots were added today.

Cheers,
Cat

Bears might take this pair down to the 0.84 area after the pivot by the U.K. government on the tax cuts

See you under 0,74

Where are you placing your SL

New situation update after a week. Five trades closed and 3 new short trades added.

We'll see if this EUR/GBP pair will move down to 0.86 again.

Closed 7 trades today. In total 12 trades were closed, and 4 new short trades were opened, since my last post.

I could have closed the 2 remaining trades, offsetting the gains from my 4 recent trades. However, I choose to keep them for now.

Let's see if it goes down to 0.85.

Since last post, I opened 3 trades, closed those 3 trades in profit, and re-open 3 more trades.

My positioning has less to do with the EUR now, more to do with BOE unexpected hike next month.

We'll see if it pushes it down to 0.848 again.

I'm now out from this pair entirely. First entered on Aug 30. Last trade on Oct 28, closed at 0.8577.

After 46 trades, all but two were in profit. The two: one breakeven, one closed in loss.

The EURGBP pair shows low volatility; prices don't fluctuate significantly as far I have observed, however according to yesterday the resistance level of 0.8779 in the EURGBP is currently the main focus. Firm break there claim that the 0.8570 level is the end of the corrective decline from 0.9267.

Looking at the 4h chart, the pair is currently showing signs of support around the 200-bar EMA and monthly pivot point.

All trading carries risk, but from a technical standpoint, it will be interesting to see if EUR/GBP can bounce from yesterday's losses and retest the resistance at the recent highs over the near term.

Let's revive this tread once again.

Took a good 6-week sabbatical from this EURGBP pair. Now, I'm entering two short positions, let's see if it goes to 0.855 again.