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EUR/GBP - What a great pair to trade!

  • #2,161
  • Aug 8, 2013 8:24pm Aug 8, 2013 8:24pm
It's complicated. The battle lines are drawn around .8600 again and if that breaks then this year forms a double top with a neckline around .8400 and a technical target of .8000. To me the upside is limited now but I'm biased by the March candle, which forms tweezer tops which I wouldn't trade into. I don't think this is a great pair to trade right now but then I'm trying to get in longer term. Patience.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp130809w1.JPG Size: 104 KB


Good luck.
Gone to a better place
  • #2,162
  • Aug 9, 2013 5:48am Aug 9, 2013 5:48am
Quoting davidsayli
{quote} EUR/GBP WEEKLY CHART I openned a heavy short position for long-term. We may see a big drop nowadays. MY TARGET IS 0.7350 {image}
Hummm, don't think the fair value of EUR/GBP to be less than 0,80. So targeting 0,735 on a so dependent economies seems a bit way too long.

I did open a long targeting 0,87. Don't think the new policy from the UK to be the correct one.
  • #2,163
  • Aug 9, 2013 9:04am Aug 9, 2013 9:04am
EUR/GBP WEEKLY CHART
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpweekly.png Size: 41 KB
  • #2,164
  • Aug 10, 2013 8:30am Aug 10, 2013 8:30am
Quoting Erebus
{quote} That's 200 pips in either direction! Nothing to do until then? But this "a great pair to TRADE" thread {image}

In fact, I’m not doing anything on EurGbp, too little volatility. The only trade that I have done have been: short in area 0.88 and long in area 0.84, with strict stop loss
  • #2,165
  • Aug 10, 2013 8:31am Aug 10, 2013 8:31am
Quoting Olu
{quote} Hi E I agree with Elisab price is in no mans land right now. we are recovering off 8580 area which is support all the way to mid july. A break below that might give some action to the downside Indeed it is a great pair to trade - when there are clear opportunities imho Olu

Thanks Olu, I also think like you. There will be a good time to enter on EurGbp after a technical break.
  • #2,166
  • Aug 13, 2013 7:42am Aug 13, 2013 7:42am
Quoting smikester
Patience.
5 days in a 40 pip straightjacket must give us a decent break out?

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp130813h4.JPG Size: 107 KB
Gone to a better place
  • #2,167
  • Aug 13, 2013 9:09am Aug 13, 2013 9:09am
We now have the interesting situation where the Euro has fallen out of the H4 channel but tests an important level:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd130813h4.JPG Size: 144 KB


Whereas cable is still well inside the H4 channel but equally tests an important level:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd130813h4.JPG Size: 111 KB


This was where I was going to write "Is this where the divergence begins?" but the alarms just went off on my MT4 and I find we broke out of the range suddenly. Not fast enough, eh?
Gone to a better place
  • #2,168
  • Aug 15, 2013 6:44am Aug 15, 2013 6:44am
Trend Line Break
Attached Image (click to enlarge)
Click to Enlarge Name: PAST-EurGbp-daily-15082013-1130uk.JPG Size: 82 KB
If you think you can or cannot do it you are correct
  • #2,169
  • Aug 15, 2013 9:55am Aug 15, 2013 9:55am
hi
eurgbp hit the daily up trendline

http://www.zoneforex.com/?lang=en
twitter : #zoneforex
  • #2,170
  • Aug 15, 2013 10:31am Aug 15, 2013 10:31am
Thanks for the charts Olu and Touco. Both are correct as far as I'm concerned. This pair is near .8500 anyway so I'm closing my trades for now until some direction. If we fly through .8500, which I doubt, we'll have a retracement to get back into shorts. I'm not in a rush.
Gone to a better place
  • #2,171
  • Aug 23, 2013 6:57am Aug 23, 2013 6:57am
Just smashed the hell out of this pair



eg - h4
Attached Image (click to enlarge)
Click to Enlarge Name: egowned.jpg Size: 72 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #2,172
  • Aug 23, 2013 7:10am Aug 23, 2013 7:10am
The 0.84 - 0.88 trading range is going on. At the moment no technical signals on a reversal trend is emerging.Sell on resistance, buy on support.
  • #2,173
  • Aug 23, 2013 7:19am Aug 23, 2013 7:19am
it is Friday and I celebrate weekend and bought 0.01 eurgbp with 1000 pips stop.

Will leave proceeds to my kids.
  • #2,174
  • Aug 28, 2013 9:32am Aug 28, 2013 9:32am
Two hours after Mark Carney's speech and the two hours engulf two days of upward movement. Depending on tonight's close, this is a trend reversing day. Keep your eyes skinned for entry opportunities. It might all come to nought, but I see an opportunity in the making.
Gone to a better place
  • #2,175
  • Aug 28, 2013 4:12pm Aug 28, 2013 4:12pm
EurGbp
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-8h-28082013-2210uk.jpg Size: 99 KB
If you think you can or cannot do it you are correct
  • #2,176
  • Sep 1, 2013 8:12pm Sep 1, 2013 8:12pm
it is the time to buy EG at currency level for the monthly money flow at the beginning.
  • #2,177
  • Sep 2, 2013 4:13am Sep 2, 2013 4:13am
The 200-days moving average has been reached today, EurJpy is back long stop 0.84.
  • #2,178
  • Edited 9:00am Sep 2, 2013 8:59am | Edited 9:00am
Quoting elisab
The 200-days moving average has been reached today, EurJpy is back long stop 0.84.

I agree with you to a point Elisab. We need some strong upward action from here otherwise there is more downside.

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp-weekly-02092013-1445uk.JPG Size: 69 KB
If you think you can or cannot do it you are correct
  • #2,179
  • Sep 4, 2013 7:08am Sep 4, 2013 7:08am
Quoting Olu
{quote} I agree with you to a point Elisab. We need some strong upward action from here otherwise there is more downside. Olu {image}

Even GbpUsd is in a similar market condition. After the overcoming of the resistance in area 1.57 the bull market of the Pound can start.
  • #2,180
  • Sep 4, 2013 12:02pm Sep 4, 2013 12:02pm
Quoting elisab
{quote} Even GbpUsd is in a similar market condition. After the overcoming of the resistance in area 1.57 the bull market of the Pound can start.

You are right Elisab. The price action for gbpUsd is bullish atm. Chart tonight as I am still at work

Olu
If you think you can or cannot do it you are correct
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