EUR/GBP - What a great pair to trade!

Just trying to get the price to move, really, now that the markets have closed. So near to TP.

it seems that EUR will have an a bullish trend in the 2 or the 3 days to come.
it seems that a flag is about to form.

what do u think? what is ur suggestion to enter?

Could you post a chart? Thanks.

Smikester!!

Could you please enlighten us on why you think that this is a great pair to trade? Would appreciate your reasoning and experience about it as its always helpful to get to know about new things! Thanks!!

Hey Pak Tiger

As usual I was making a joke as Europe and London had just closed and the price slowed down to a snail pace. I could have closed but I was close to a TP.

So I thought I'd start this thread and maybe someone with a few million to spare would gap it down a few pips. That could have been you! But you were too late.

Sooshans has posted his thoughts but I would like to see a chart because I don't necessarily agree and I don't like to give trade calls (or query them) unless I'm pretty sure.

It is a great pair to trade, though. Makes firm moves and usually trends well over a number of days and usually respects S/R levels. Small spread, so good for scalping. Moves reasonably slowly so you can get a fill even when scalping. So, unlike GBP/JPY.

Hahah!! that was funny

Well my broker offers me a spread of 5 pips on this pair which basically puts me off otherwise what you are telling, it really sounds good for scalping!!!

Enjoy your trades buddy!

5 pips spread. It should be around 2. What are they giving on EUR/USD?

3 pips on EUR/USD (I'm with FXSOL UK )

next possible entry. now waiting to pull back and good price action up.

long at 9005, SL 8990, TP 9090

although stop was close (1 pip) now it looks really good

we are higher but need to cross over the next level...

half position closed +20

still holding the half of position...

closed by hand +25

Price action on the monthly and the weekly looks bearish to me. That means it might be bearish in the next 2 - 3 months. We are testing 9000 as usual.

9000 is the level to drop through and a daily close below 9000, a solid close without too much pin, will see me shorting this pair for a while.

have you ever seen charts jumping outside your screen ?

This does not happen to me often... I take it you are very bullish on this pair, then? Would you like to explain?

Hey Guys,I think this is the best pair to trade $1=1.76 currently trading a mini on forex.com 1,5 min charts only but peek at the 15,1hr,4hr for trend confirmation,happy trading!!!

10 pips a day? How about 50? Here's a chart:



I can see an 8 hour pin bar off a swing high in adown trend. It's off previous resistance - Look to the left of the chart.

It's also off a 50% fib retracement with a clear rejection of 61.8

Don't bother trading it because it probably won't work out. I don't give trade calls. I will trade it, though. Target 1 is </=9000. Target 2 I'll let you know if we get there.