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EUR/GBP - What a great pair to trade!

  • #2,201
  • Sep 8, 2013 5:37am Sep 8, 2013 5:37am
Friday saw me closing shorts like everyone else and giving us this reversal candle. It does look like we are stuck in this year range for now.

.8467 and .8500 are the next targets for longs. It's a reversal candle on the daily but I won't be trading it, more looking for London open breaks and following those trades with low risk.

Serious overhead resistance in three places as marked. But big confluences at the triangle. If we break through the triangle .8535 - .8555 (and the 200dma will be there too) then longs take over.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp130908d1.JPG Size: 123 KB
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  • #2,202
  • Sep 8, 2013 9:13am Sep 8, 2013 9:13am
Looking around the charts looks like the GBP could be reversing from strength on a couple pairs.. Something that could be worth checking into for anyone killing time before market open.
Fall down 7 times, Stand up 8.
  • #2,203
  • Sep 8, 2013 7:04pm Sep 8, 2013 7:04pm
waiting for london open,
opened longs in demo for tracking...
  • #2,204
  • Sep 9, 2013 3:44am Sep 9, 2013 3:44am
Quoting kanikuly
Double-Top, I'm short. {image}
Agree😋 going short
luck is a loser's excuse
  • #2,205
  • Sep 9, 2013 12:10pm Sep 9, 2013 12:10pm
finally out of that short term range.. Might see a retest of 843 where the last couple days of resistance could become support.
Fall down 7 times, Stand up 8.
  • #2,206
  • Sep 9, 2013 4:03pm Sep 9, 2013 4:03pm
Quoting openyoureyes
{quote}{image}
EURCAD got reversed bullish in 4H,
E/G
E/A next?
Attached Image(s) (click to enlarge)
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  • #2,207
  • Sep 9, 2013 5:39pm Sep 9, 2013 5:39pm
Quoting openyoureyes
{quote} EURCAD got reversed bullish in 4H, E/G E/A next? {image} {image}
I see what you're trying to say about a strong Euro but please stick to Eur/Gbp analysis. It's complicated enough.
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  • #2,208
  • Sep 9, 2013 5:54pm Sep 9, 2013 5:54pm
Wonder if this .8400 will hold for long? Weekly chart. Azure 200ma
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp130909w1.JPG Size: 104 KB
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  • #2,209
  • Sep 9, 2013 11:04pm Sep 9, 2013 11:04pm
Quoting smikester
Wonder if this .8400 will hold for long? Weekly chart. Azure 200ma {image}
I see what your saying.. I'm hoping to play my long out to that tl.. a break above will have plenty opportunity to get in but that's still quite a significant ways up.
Fall down 7 times, Stand up 8.
  • #2,210
  • Sep 10, 2013 4:32pm Sep 10, 2013 4:32pm
Quoting smikester
Wonder if this .8400 will hold for long? Weekly chart. Azure 200ma {image}
GBP seems one of the strongest out of EURAUD EURCAD EURNZD EURCHF
  • #2,211
  • Sep 12, 2013 10:12pm Sep 12, 2013 10:12pm
bigger timeframe (monthly) its like early downtrend...on weekly already break trendline (support)..shows it ready to go down....its maybe a retracement on smaller time frame based on few facts..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp.daily21.png Size: 68 KB
Click to Enlarge Name: eurgbp.h421.png Size: 42 KB
  • #2,212
  • Sep 12, 2013 11:41pm Sep 12, 2013 11:41pm
Quoting new_member
bigger timeframe (monthly) its like early downtrend...on weekly already break trendline (support)..shows it ready to go down....its maybe a retracement on smaller time frame based on few facts.. {image} {image}
Top monthly to was broken to the upside.. I'm confused can you post your chart? I'm restricted to my phone currently at work. I've been long but this week has been a frustrating battle for pips on this guy haha
Fall down 7 times, Stand up 8.
  • #2,213
  • Sep 19, 2013 4:54pm Sep 19, 2013 4:54pm
0,84400 long, target 0,84700... easy 300 points...
  • #2,214
  • Sep 23, 2013 1:16pm Sep 23, 2013 1:16pm
Quoting prototip
0,84400 long, target 0,84700... easy 300 points...

what about size of stop?
  • #2,215
  • Sep 24, 2013 4:26am Sep 24, 2013 4:26am
Unfortunately forEURGBP, the reaction stopswell belowthe200-days movingaverage, I would stay bearish.
  • #2,216
  • Sep 24, 2013 12:18pm Sep 24, 2013 12:18pm
Holding short in EURGBP
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Forex Learner
  • #2,217
  • Sep 24, 2013 12:22pm Sep 24, 2013 12:22pm
I´m also trying a small short / 8460 is the level to break though for definite bear continuation

http://prntscr.com/1t7y3e
  • #2,218
  • Sep 25, 2013 5:30pm Sep 25, 2013 5:30pm
I think this is going up from here. Bottom at .8350 should be safe. Anybody with me?
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  • #2,219
  • Oct 1, 2013 4:02am Oct 1, 2013 4:02am
Quoting Zappa
I think this is going up from here. Bottom at .8350 should be safe. Anybody with me? {image}
Doesn't look like it.

On the weekly we have a double top formation complete with a lower high. We broke the neckline and retested at .84xx and so we have a technical target of .8100. Sell rallies and we won't go far wrong.

Attached Image (click to enlarge)
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  • #2,220
  • Oct 8, 2013 1:12pm Oct 8, 2013 1:12pm
This is a mess, now. Bearish but with a bullish engulfing weekly candle. If .8460 breaks then all shorts are off.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP131008W1.JPG Size: 92 KB
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