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Attachments: EUR/GBP - What a great pair to trade!
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EUR/GBP - What a great pair to trade!

eur gbp
the best i have atm is the R3 level of today which is also monthly R1.
It might have effect, i am not trading it.

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aud usd is my new favorite.
perhaps in 7 hours.

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Quoting longshot_nl
eur gbp the best i have atm is the R3 level of today which is also monthly R1. It might have effect, i am not trading it. {image} aud usd is my new favorite. perhaps in 7 hours. {image}
its now at 23.6 fib level on daily chart. if it gets rejected here it can break our entry though.

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long now. with trailing 280 pips. sl. 0.8020x
eurgbp breaking out of my expanding triangle costed some efford, i am bullish at this retest.

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target is utl on weekly chart.

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After missing too many trades in my favorite pairs i decided to abandon this pair for now.
Will focus on EU and UJ for a while.

good luck
Quoting longshot_nl
After missing too many trades in my favorite pairs i decided to abandon this pair for now. Will focus on EU and UJ for a while. good luck
though I have a small short around current levels (0,80395), I do agree with you.
It's hard to be bullish or bearish on this pair, after the long run and in front of sterling weakness and brexit uncertainty.

Despite this, I believe that EUR upside is probably quite limited, especially if we consider that USA will sooner or later increase rates.
Also, even though nothing can be granted, I strongly doubt that Britain will leave the euro, and with limited economic growth expected, people will try to avoid choices that could cause further weakness to the british econonomy.
Quoting fammira
{quote} though I have a small short around current levels (0,80395), I do agree with you. It's hard to be bullish or bearish on this pair, after the long run and in front of sterling weakness and brexit uncertainty. Despite this, I believe that EUR upside is probably quite limited, especially if we consider that USA will sooner or later increase rates. Also, even though nothing can be granted, I strongly doubt that Britain will leave the euro, and with limited economic growth expected, people will try to avoid choices that could cause further weakness...
I have no knowledge about fundamentals of 'economy' other then the usd will have to fall one day.
I just trade turning points.
Not sure what you mean with Britain leaving the euro.
Quoting longshot_nl
eurgbp breaking out of my expanding triangle costed some efford, i am bullish at this retest. {image} target is utl on weekly chart. {image}
Although the channel may have effect, there is a descending widening wedge there too..
The yellow line is the technical target.
Of course it won't go in a straight line.

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It would be good if it did go in a straight line. Bit busy with other projects yesterday and I missed the tight Asia range to take more longs.

Thanks for the charts...
Gone to a better place
Quoting longshot_nl
{quote} I have no knowledge about fundamentals of 'economy' other then the usd will have to fall one day. I just trade turning points. Not sure what you mean with Britain leaving the euro.
I think he means the EU, not the euro.
Gone to a better place
a chance for bears...

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another view.

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been watching this for so long:
eventually it will turn;
is it now or not yet.
sidelines is a position
This chart shows a recent H1 trend line break. But I think an initial target of .8015 would be realistic. There is strong support:
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Gone to a better place
Quoting smikester
This chart shows a recent H1 trend line break. But I think an initial target of .8015 would be realistic. There is strong support:{image}
i have the same, its retesting the TL now.
i have a short a few pips away.
my target 8027

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Target should be around 0.8030 - 0.8000, but I'm starting to worry this was a false break.
Quoting longshot_nl
{quote} i have the same, its retesting the TL now. i have a short a few pips away. my target 8027 {image}
stopped out, -5 pips.
i have another short waiting here.

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Looks like some are having a go at 61.8:

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Gone to a better place
Quoting smikester
{quote} I think he means the EU, not the euro.
sorry for the typo, of course I meant Britain leaving the Euro zone
3 traders viewing now, 1 is a member:
Jewel1996