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EUR/GBP - What a great pair to trade!

  • #2,181
  • Sep 5, 2013 3:04am Sep 5, 2013 3:04am
After the ECB meeting today, will EurGbp break downward the key support of 0.84?
  • #2,182
  • Sep 5, 2013 4:13am Sep 5, 2013 4:13am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-h4ff59.png Size: 55 KB
  • #2,183
  • Sep 5, 2013 5:51am Sep 5, 2013 5:51am
Monthly chart plus my opinions: http://www.forexfactory.com/showthre...42#post6942742
Gone to a better place
  • #2,184
  • Sep 5, 2013 6:33am Sep 5, 2013 6:33am
Quoting smikester
Monthly chart plus my opinions: http://www.forexfactory.com/showthre...42#post6942742

yup...agreed with u...
  • #2,185
  • Sep 5, 2013 8:36am Sep 5, 2013 8:36am
Quoting smikester
Monthly chart plus my opinions: http://www.forexfactory.com/showthre...42#post6942742

I agree with your analysis Smikester. Most likely downwards

Olu
If you think you can or cannot do it you are correct
  • #2,186
  • Sep 5, 2013 8:47am Sep 5, 2013 8:47am
I suggest that you guys re-asses this pair. Me and my subscribers have been awaiting this buy opportunity since yesterday. From here, I expect 0.8613
See chart attached.
Enjoy your day.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbph1_long term buy.png Size: 33 KB
  • #2,187
  • Edited 9:18am Sep 5, 2013 8:59am | Edited 9:18am
Quoting pipcenturion
I suggest that you guys re-asses this pair. Me and my subscribers have been awaiting this buy opportunity since yesterday. From here, I expect 0.8613 See chart attached. Enjoy your day. {image}
EUR should appreciate this week (most probably next week),
I'll follow this trade but I won't buy here...
  • #2,188
  • Sep 5, 2013 9:46am Sep 5, 2013 9:46am
Quoting pipcenturion
I suggest that you guys re-asses this pair. Me and my subscribers have been awaiting this buy opportunity since yesterday. From here, I expect 0.8613 See chart attached. Enjoy your day. {image}
I think a bounce at .8400 is highly likely. It was the April low but we have not visited it yet.

0.8613 is a very precise number. I'm sorry but I don't understand your chart. May I ask how this is derived? Thank you in anticipation.
Gone to a better place
  • #2,189
  • Sep 5, 2013 11:26am Sep 5, 2013 11:26am
Quoting smikester
{quote} I think a bounce at .8400 is highly likely. It was the April low but we have not visited it yet. 0.8613 is a very precise number. I'm sorry but I don't understand your chart. May I ask how this is derived? Thank you in anticipation.
I´m thinking this too, it is of course too early to jump in. Not only was it April´s lows and very round number but it was rejected twice in May also.

other than this, it is exactly the 38.2 from July´s 23rd low.

I need a solid reaction though. Keeping an eye on it coming GDP release tomorrow.
  • #2,190
  • Sep 5, 2013 12:36pm Sep 5, 2013 12:36pm
Limit long set at 84
Nice harmonic confluence +Demand area
AB=CD
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.daily1.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,191
  • Sep 5, 2013 7:42pm Sep 5, 2013 7:42pm
Longed this pair before going to sleep.. woke up to this flat line... hah oh well I suppose that's better then seeing it continue south. Hopefully a good sign of a pull back as we go back into another week of trading.. good luck all.
Fall down 7 times, Stand up 8.
  • #2,192
  • Sep 5, 2013 7:54pm Sep 5, 2013 7:54pm
Glad so many people agree here, long also! What are your targets?! I am looking for 8470, but 8520 doesnt seem out of the question.
All posts are my personal opinion
  • #2,193
  • Sep 5, 2013 8:12pm Sep 5, 2013 8:12pm
Quoting Rtm
Glad so many people agree here, long also! What are your targets?! I am looking for 8470, but 8520 doesnt seem out of the question.
I'm tentatively set at .85 myself but this next few weeks could get ugly.. really ugly. The "conflict" in Syria will very likely have fall out if america goes through with it.. there's leaks of nuclear weapons being repositioned to the east coast.. which leaves a lot of implications to be filled in there. Could be just preperation of threats.. but none the less pretty scary stuff.
Fall down 7 times, Stand up 8.
  • #2,194
  • Sep 6, 2013 8:30am Sep 6, 2013 8:30am
Double-Top, I'm short.



Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto vom 2013-09-06 15:29:13.png Size: 10 KB
  • #2,195
  • Sep 7, 2013 7:50am Sep 7, 2013 7:50am
Quoting Davit
Limit long set at 84 Nice harmonic confluence +Demand area AB=CD {image}
At 0.84 we should try the long; it's one of those supports then in case of a violation might sharply change the trend. The risk reward ratio at the moment is excellent.
  • #2,196
  • Sep 7, 2013 8:44am Sep 7, 2013 8:44am
Quoting elisab
{quote} At 0.84 we should try the long; it's one of those supports then in case of a violation might sharply change the trend. The risk reward ratio at the moment is excellent.

Agreed the push south on friday actually completed a bullish butterfly.. My favorite pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP9713.png Size: 28 KB
Fall down 7 times, Stand up 8.
  • #2,197
  • Sep 7, 2013 4:58pm Sep 7, 2013 4:58pm
I am going to long this pair after monday (waiting for the confirmation of reversal)

my weekend studies show that:
eur should appreciate against gbp, nzd, aud this week.

I will post daily technicals at a later time as I won't be following my daily trade routine due to problems related to my health.

wish you all wonderful weekend and week.

other pairs worth watching:
long eur/cad
long eur/nzd
long eur/aud
  • #2,198
  • Sep 7, 2013 5:03pm Sep 7, 2013 5:03pm
OpenYourEyes,

I am currently short on eur/cad; eur/aud based on h4 & Daily. What TF's are you following ?
Be the change that you want to change
  • #2,199
  • Sep 7, 2013 7:31pm Sep 7, 2013 7:31pm
Quoting mubinirl
OpenYourEyes, I am currently short on eur/cad; eur/aud based on h4 & Daily. What TF's are you following ?
I follow daily / h4 for reversals, tops/bottoms
I try to find free trades:
than scale in more at local extereme points / r&s levels in 15min/H1...

here is my EURCAD H4 insight; * 2 bar reversal ? *
I think will wait daily confirmation...

ps: I have similar analysis for euraud eurnzd eurgbp
gbp seems the strongest...
Attached Image (click to enlarge)
Click to Enlarge Name: 19xh.png Size: 109 KB
  • #2,200
  • Sep 8, 2013 5:16am Sep 8, 2013 5:16am
Quoting str33t
{quote} Agreed the push south on friday actually completed a bullish butterfly.. My favorite pattern. {image}
My only doubt is linked to a strong bearish signal of the Ichimoku cloud.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 30 KB
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