EUR/GBP Trading Room

My EURGBP last week analysis:

EURGBP

Reasoning from the previous 240 min chart analysis, the closest target along the trend was Т1-0.8606 (Fig. 1). The target was reached on Jan. 27, 2010, but the trade was not made due to a small estimated profit.


http://www.2targetsmethod.com/images...0/image004.jpg
Fig. 1 – 240

Alright, price has pushed up some more I am still currently Long on EUR/GBP from 0.8666. I will be looking forward to reducing my risk and locking in some profit when Today's Daily Candle closes. I want to see price continue to climb to Resistance @ 0.8838 area. Here is the Daily TF Chart.

Still currently long on EUR/GBP from 0.8666. I have currently moved my Stop Loss into the green, +14 pips for worst case scenario. Want to see buying pressure continue later during Tokyo Session and Tomorrow during London Session. If price continues to push up I will look for opportunities to further lock in profit until my target is hit. Daily Market Sentiment still remains bearish, any longs taken on this TF should be considered Scalps.

Still currently Long on EUR/GBP from 0.8666. Over the past 2 days price has just been bouncing back and forth. I have now moved my Stop Loss up some more to lock in profit in case the market decides to move against my position, as it seems that the buying pressure may have subsided for now. I now have the Stop Loss set @ +41 pips in the green. I would still like to see price push up to the 0.8832 area.

sorry for being late

orange line must be evaluated as first target

if we put a 14 days simple moving average on a EURGBP H1, and add two levels of -35 and +35 in the configuration of moving average, we could see how this pare reacts to the levels. especially at the points where RSI go into oversold or overbought areas a return in price is expected.

Thanks heaps mate for posting your chart.

Do you think we will attack the lows from last month??

now it's all the matter of Greece,
in this case with not enough momentum for a large up move, it would be good to go for short on the upper level of 14 SMA which i mentioned in the last post.

as I said:

again: the reaction of EURGBP to the mentioned levels

Hi,

What are your thoughts for this pair this week?

Thanks for the great posts.

What a beautiful price to go short( 90.60) limit at the last broken uptrend line (88.50)
wish me luck!

hi all,

anyone trading this pair at the moment?

I can see a few support and resistance levels on the daily charts marked in yellow.

heading lower today

what are peoples thoughts?

I can see it heading to the next support level on D1 at 0.865

Hi all!
Maybe I'm wrong....
I'm still confident in this count..I need to see price action below 88.40 for a bearish view and look at 86
Bye

it spiked down a little on the news yesterday

I agree looking for below 88.50-88.40 to be confident of bearish action

I do not know if you guys trade the gap....but it was a big gap today when the market opened....does anyone think this will fill?

I am wondering if this pair will take a stab at the .86 level now?

pattern bat.....

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