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EUR/GBP - What a great pair to trade!

  • #2,821
  • Jul 13, 2015 6:00am Jul 13, 2015 6:00am
Quoting Lover Man
{quote} I'm still thinking long and holding my position. No plans to go short here.
Lots of confluence in this area indeed. A long wont be totally invalid given the right PA. But that bear bar is scary though. Plus the rejection came from July highs. Im going to just sit out longs on this for a while.
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  • #2,822
  • Jul 14, 2015 1:58am Jul 14, 2015 1:58am
Quoting goldfish3
{quote} Lots of confluence in this area indeed. A long wont be totally invalid given the right PA. But that bear bar is scary though. Plus the rejection came from July highs. Im going to just sit out longs on this for a while. {image}
I agree that is a big ugly bar down. Let's see what happens today. Ideally we need some bad news for GBP today.
  • #2,823
  • Jul 14, 2015 3:54am Jul 14, 2015 3:54am
Quoting Lover Man
{quote} I agree that is a big ugly bar down. Let's see what happens today. Ideally we need some bad news for GBP today.
GBP CHF which normally does the opposite to EUR GBP has almost returned to same level yesterday before the big ugly bar.
  • #2,824
  • Jul 14, 2015 4:30am Jul 14, 2015 4:30am
Exited yesterday
Will look for more shorts, as they come.
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  • #2,825
  • Jul 14, 2015 7:08am Jul 14, 2015 7:08am
Hello Guys,

EUR/GBP might offer a buy entry:

--> We got a speech from Carney saying that interest rate might increase sooner than expected and investors buying the GBP.
I think it is time to fade the move as it is still really evasive on this...

On technical point of view, price broked a major S&R 0.70878, I belive it is the ideal place to lure investors with tight SL (that are certainly going short here) and buy big at that level to hit small investors SL
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  • #2,826
  • Jul 14, 2015 12:51pm Jul 14, 2015 12:51pm
BOOM

Support at 0.7060 has definitely broke. The whole world must now be short.
  • #2,827
  • Jul 14, 2015 9:41pm Jul 14, 2015 9:41pm
0.7030 pretty strong support back to march, I think a buy with tp 0.73 (I already have from 0.713, thinking about adding)
  • #2,828
  • Jul 16, 2015 5:07am Jul 16, 2015 5:07am
This pair is dead...
  • #2,829
  • Jul 16, 2015 2:41pm Jul 16, 2015 2:41pm
Quoting TuTang
This pair is dead...

Maybe start to be alive. 0.696xx a major buy, come on BULLS.
  • #2,830
  • Jul 17, 2015 2:10pm Jul 17, 2015 2:10pm
Quoting TuTang
This pair is dead...
Doesn't look too bad..
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  • #2,831
  • Jul 19, 2015 4:19pm Jul 19, 2015 4:19pm
Quoting gold2011
{quote} Maybe start to be alive. 0.696xx a major buy, come on BULLS.
0.708 is the mid of 0.612x and 0.805x so it wont stop til that level.
  • #2,832
  • Jul 19, 2015 4:21pm Jul 19, 2015 4:21pm
Quoting TuTang
{quote} 0.708 is the mid of 0.612x and 0.805x so it wont stop til that level.

BUY!
  • #2,833
  • Jul 19, 2015 4:23pm Jul 19, 2015 4:23pm
Quoting gold2011
{quote} BUY!
i agree to this though. 0.691x is yearly S3 but longer term is pointing to 0.61x and its the bottom of this 2 years down trend....
  • #2,834
  • Jul 19, 2015 4:23pm Jul 19, 2015 4:23pm
Quoting TuTang
{quote} 0.708 is the mid of 0.612x and 0.805x so it wont stop til that level.
Hi TT

Buy and tp 72 area, my advice. Greece isn't over yet.
  • #2,835
  • Jul 19, 2015 4:26pm Jul 19, 2015 4:26pm
Quoting TuTang
{quote} i agree to this though. 0.691x is yearly S3 but longer term is pointing to 0.61x and its the bottom of this 2 years down trend....
It's going to get worse, here comes Portugal....
  • #2,836
  • Jul 19, 2015 4:31pm Jul 19, 2015 4:31pm
Quoting TuTang
{quote} i agree to this though. 0.691x is yearly S3 but longer term is pointing to 0.61x and its the bottom of this 2 years down trend....

ARE YOU BULLS OR BEARS???? buy now, bull rise. Draghi wants a WAR. Devalue the Euro in his opinion with the start of QE.

Don't take my word, just be careful.


cheers
  • #2,837
  • Jul 19, 2015 4:35pm Jul 19, 2015 4:35pm
Quoting TuTang
{quote} i agree to this though. 0.691x is yearly S3 but longer term is pointing to 0.61x and its the bottom of this 2 years down trend....
Come on TT... to get the 2 year downtrend to 69xxx area was long enough. 61 would be a collapse for the €. Wait after the Portuguese elections in September.
  • #2,838
  • Jul 19, 2015 4:35pm Jul 19, 2015 4:35pm
Quoting gold2011
{quote} ARE YOU BULLS OR BEARS???? buy now, bull rise. Draghi wants a WAR. Devalue the Euro in his opinion with the start of QE. Don't take my word, just be careful. cheers
i'm bearish on this til next half year. any bounce from now is just dead cat bounce IMO.
final target is at 0.612x max extension is 0.594x

Fundies is supporting my point of view. both BoE and FED are crazy over rate
  • #2,839
  • Jul 19, 2015 4:37pm Jul 19, 2015 4:37pm
Quoting TuTang
{quote} i'm bearish on this til next half year. any bounce from now is just dead cat bounce IMO. final target is at 0.612x max extension is 0.594x
Wow. show me your chart and advice. Courageous you are and I'm content to see it happen. .594 coolist thing man. Hold those two fingers tight, lol.
  • #2,840
  • Jul 19, 2015 4:41pm Jul 19, 2015 4:41pm
Quoting TuTang
{quote} i'm bearish on this til next half year. any bounce from now is just dead cat bounce IMO. final target is at 0.612x max extension is 0.594x Fundies is supporting my point of view. both BoE and FED are crazy over rate

So you say, hike up on US interest rate will devalue the Euro.When will Frau Yellen make her decision?... in September?

cheers
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