Hi
Are you still short EUR/GBP?
Are you still short EUR/GBP?
Regards
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DislikedThe Oil FE I was talking about. 1:1 projection of the 1 => 3 for a simple 1-2-3 projection..
(a pullback to 67-70$ before getting a new bullish setup would be nice to see here for example, but would I KNOW where that happens? Not ahead of time.)Ignored
Disliked
Just wanted to show the weekly EURGBP of the same chart I posted before, perhaps to allow some overview of what prices / where
On my version we are now right at a key s/r area and still on support, testing how well it may or not hold. If it gives then uh oh, if it holds then EURUSD will most likely make up for all the sideways staggering and GBPUSD get hit or at least slowed down in comparison.
I believe it's these sort of things when folks say a pair "outperforms". Obviously the last 2 weeks that was GBPUSD in this case.
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Disliked(a pullback to 67-70$ before getting a new bullish setup would be nice to see here for example, but would I KNOW where that happens? Not ahead of time.)Ignored
DislikedTrader888,
Just out of curiosity, how are the traders at your bank handling this recent volatility? Any spectacular wins/losses or other stories?Ignored
DislikedEverybody will react - the reason for being at the trendline plays a role in whether it will hold or break and usually a fundamental announcement cause the line to become significant or not.
Hope this helped.Ignored
DislikedI seldom have targets as it feels too much like cutting profits - BUT yes there are natural areas like previous highs/round numbers where you would like to decrease positions. The feeling at the moment is very negative on the GBP over here. Weird that...Ignored