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EUR/GBP - What a great pair to trade!

  • #2,881
  • Aug 19, 2015 3:33am Aug 19, 2015 3:33am
crap SL hit overnight
  • #2,882
  • Aug 19, 2015 8:29pm Aug 19, 2015 8:29pm
Quoting CrazyOz
An approx' 50% pull-back is likely before the next move up next week. {image}
So far So good.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 33 KB
Combat crazy markets with crazy trading
  • #2,883
  • Aug 19, 2015 10:36pm Aug 19, 2015 10:36pm
Quoting CrazyOz
{quote} So far So good. {image}
Great charts, great calls, I send you a PM, thanks.....

....Hello smikester, hope all fine on that side of the woods.....all fine here...
The Chonchy
  • #2,884
  • Aug 20, 2015 4:48am Aug 20, 2015 4:48am
Quoting CrazyOz
{quote} Gunna keep an eye on this pair. A break of that trend line could reap 700+ pips. {image}
Which path will it take. Orange or Red. ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 37 KB
Combat crazy markets with crazy trading
  • #2,885
  • Edited 11:20am Aug 20, 2015 11:10am | Edited 11:20am
I think there's a good chance from here to retest the 2012 lows. A text book break out and retest of bullish wedge. No immediate overhead resistance. A bounce off .7000. A target level at the 2012 lows (which were not properly retested). There is a fibonacci pivot at .7780 - the same level.

I will be buying dips here until then and I will soon find out if i'm wrong.

Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp150820d1.JPG Size: 135 KB
Gone to a better place
  • #2,886
  • Aug 20, 2015 11:16am Aug 20, 2015 11:16am
This is the view on the monthly:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp150820m1.JPG Size: 140 KB


Take a look at this months bullish candle. If we finish this month bullish then it's this.
Gone to a better place
  • #2,887
  • Aug 20, 2015 11:25am Aug 20, 2015 11:25am
Quoting chonchy
{quote} Great charts, great calls, I send you a PM, thanks..... ....Hello smikester, hope all fine on that side of the woods.....all fine here...
Hello Chonchy. All well here and I'm having some fun. Not too much, just a bit...
Gone to a better place
  • #2,888
  • Aug 20, 2015 3:51pm Aug 20, 2015 3:51pm
Quoting smikester
{quote} Hello Chonchy. All well here and I'm having some fun. Not too much, just a bit...
...That is good Sir. that is very good to have fun, hope the family and all stay well....
The Chonchy
  • #2,889
  • Aug 20, 2015 6:31pm Aug 20, 2015 6:31pm
Europe's economic challenge not just about Greece

Unemployment is still above 11%, nearly double that in the United States. Even in fast-charging Spain, unemployment is stuck above 22%.

The Chinese economy could slow further and so weaken demand for high-quality imports like German cars.

http://www.bbc.com/news/world-europe-33959761
  • #2,890
  • Aug 20, 2015 7:32pm Aug 20, 2015 7:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: EG 4h Zone 8.20.15.png Size: 96 KB
  • #2,891
  • Aug 21, 2015 12:36am Aug 21, 2015 12:36am
Quoting smikester
I think there's a good chance from here to retest the 2012 lows. A text book break out and retest of bullish wedge. No immediate overhead resistance. A bounce off .7000. A target level at the 2012 lows (which were not properly retested). There is a fibonacci pivot at .7780 - the same level. I will be buying dips here until then and I will soon find out if i'm wrong. Chart: {image}
.7000 probably not but .7100 yes. otherwise I'm with you all the way
Combat crazy markets with crazy trading
  • #2,892
  • Aug 21, 2015 3:26am Aug 21, 2015 3:26am
shorting..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m15-fxpro-financial-services.png Size: 27 KB
  • #2,893
  • Aug 21, 2015 4:54am Aug 21, 2015 4:54am
Quoting CrazyOz
{quote} .7000 probably not but .7100 yes. otherwise I'm with you all the way
What I meant to say was that we have already had the bounce off .7000. I think that number is what all the recent price action has been about. Historically it has significance. I don't think we'll be revisiting it for a while.

The British economy is inextricably linked to the EEC and so I see the medium term (months?) test of .7700 as a possibility. It's great to see other opinions and some quality charting.
Gone to a better place
  • #2,894
  • Aug 21, 2015 8:55am Aug 21, 2015 8:55am
Taking a whack at it.
Attached Image (click to enlarge)
Click to Enlarge Name: EG 1h short 8.21.15.png Size: 79 KB
  • #2,895
  • Aug 21, 2015 10:55am Aug 21, 2015 10:55am
EURGBP is now even neutral.
see what happens
  • #2,896
  • Aug 21, 2015 11:26am Aug 21, 2015 11:26am
but it would be nice if you would never enter into a certain wavelength height
  • #2,897
  • Aug 21, 2015 12:00pm Aug 21, 2015 12:00pm
Quoting SteeP7
Taking a whack at it. {image}
Bulls ran right through that level. I got in too early
  • #2,898
  • Aug 24, 2015 7:26am Aug 24, 2015 7:26am
All over Rover. Time to short.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 33 KB
Combat crazy markets with crazy trading
  • #2,899
  • Aug 24, 2015 1:25pm Aug 24, 2015 1:25pm
Massive 4 hour pin bar. I am short as well...
  • #2,900
  • Aug 25, 2015 10:50am Aug 25, 2015 10:50am
of the two brothers yet together, eurgbp
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