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EUR/GBP - What a great pair to trade!

  • #3,201
  • May 17, 2016 1:59am May 17, 2016 1:59am
It might be retracing now but I doubt that's the end of the move to the downside.
  • #3,202
  • May 17, 2016 9:55am May 17, 2016 9:55am
bearish or not, this is a valid bat.

Attached Image (click to enlarge)
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  • #3,203
  • May 17, 2016 10:03pm May 17, 2016 10:03pm
Quoting longshot_nl
bearish or not, this is a valid bat. {image}
You have got my attention. Thanks for the chart. I'm wondering what the target would be if it were to play out?
Gone to a better place
  • #3,204
  • May 17, 2016 11:20pm May 17, 2016 11:20pm
Quoting smikester
{quote} You have got my attention. Thanks for the chart. I'm wondering what the target would be if it were to play out?
Point B is safest.
  • #3,205
  • May 18, 2016 11:58am May 18, 2016 11:58am
Quoting nappenbir
Hi! I think pictures here!!! {image}
More charts please. I hope you caught that move. Bit of a surprise and one explanation was that polls suggested the Brexit is unlikely. I am very pleased to hear this because the anti Europe lobby are a bunch of racists, on the whole.
Gone to a better place
  • #3,207
  • May 22, 2016 4:19pm May 22, 2016 4:19pm
maybe proper h&S now.

Attached Image (click to enlarge)
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  • #3,208
  • May 24, 2016 2:31am May 24, 2016 2:31am
Quoting alayinizAMK
{image}
got some more eg today
still see some potential in it but will rather wait for a bit confirmation, and think about it in relaxed mode
  • #3,209
  • May 25, 2016 5:28am May 25, 2016 5:28am
ABCD pattern coming on daily chart.
its all i have, if you see more at this level let us know plz.

Attached Image (click to enlarge)
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  • #3,210
  • May 25, 2016 1:33pm May 25, 2016 1:33pm
Quoting longshot_nl
ABCD pattern coming on daily chart. its all i have, if you see more at this level let us know plz. {image}
got rejected to the pip.
targetting 0.777 which is the 38.2 fib level


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  • #3,211
  • Edited May 29, 2016 1:18am May 28, 2016 2:52pm | Edited May 29, 2016 1:18am
the pair likes to bump off these levels.
Next level down is also the 50% fib.

Attached Image (click to enlarge)
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on daily chart, correction may be over.
this is my trade plan.
after C its very bullish.

Attached Image (click to enlarge)
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my old setup chart. technical target of AB=CD pattern is point B.
not sure where the bottom is. hopefully we will get some clues.
wave 2 lasted about 25 trading days, wave 4 already takes longer.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 163 KB


wave 1 lasted +/- 60 days.
wave 3 lasted +/- 96 days.
There are +/- 60 days left for wave 5 which is larger then wave 1.
This wave does not look like a leading diagonal so B may not be met after all.
I will gamble 7530 will be the low and it may happen this week.
  • #3,212
  • Jun 2, 2016 6:32am Jun 2, 2016 6:32am
I'm not trading this pair at the moment as it seems to be affected by the vagaries of public opinion on the referendum outcome and the various political shenanigans which are going on.

Anyone who want to see some analysis by one of Forex Factory's foremost technical analysts can look here: http://www.forexfactory.com/showthre...75#post8957575 and the following few posts.
Gone to a better place
  • #3,213
  • Jun 3, 2016 3:23am Jun 3, 2016 3:23am
Quoting longshot_nl
the pair likes to bump off these levels. Next level down is also the 50% fib. {image} on daily chart, correction may be over. this is my trade plan. after C its very bullish. {image} my old setup chart. technical target of AB=CD pattern is point B. not sure where the bottom is. hopefully we will get some clues. wave 2 lasted about 25 trading days, wave 4 already takes longer. {image} wave 1 lasted +/- 60 days. wave 3 lasted +/- 96 days. There are +/- 60 days left for wave 5 which is larger then wave 1. This wave does not look like a leading diagonal...
analysis seems crooked.
the chart with the ew count, used oanda.
tried to draw it on 2 other platforms and don't get the same result.
  • #3,214
  • Jun 3, 2016 5:16am Jun 3, 2016 5:16am
Quoting longshot_nl
{quote} analysis seems crooked. the chart with the ew count, used oanda. tried to draw it on 2 other platforms and don't get the same result.

I have this problem with MT4 feeds. Oanda let you configure their FXtrade platform to any daily open required, and I think TradingView's web service is the same. I usually use London midnight for price action since 40% allegedly goes through London, although I've seen some success with the New York timing, especially after London 3pm, New York 10am.
Gone to a better place
  • #3,215
  • Edited 8:26am Jun 3, 2016 7:50am | Edited 8:26am
IMHO, NFP dragged EG with it because of more EU then GU traders.
A few lines could stop it.

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  • #3,216
  • Jun 5, 2016 4:48am Jun 5, 2016 4:48am
Quoting longshot_nl
IMHO, NFP dragged EG with it because of more EU then GU traders. A few lines could stop it. {image}
price stopped for about 3 hours..
this is the last short i try.. price action is the most important reason.
there is also congestion.

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  • #3,217
  • Jun 5, 2016 8:45am Jun 5, 2016 8:45am
Interesting to see what this week brings.
  • #3,218
  • Jun 6, 2016 2:08am Jun 6, 2016 2:08am
It will probably continue rising, at least until it reaches target 0.7960. That said, I think there should be a consolidation after the big move to the upside last week.
  • #3,219
  • Edited 8:56am Jun 13, 2016 8:39am | Edited 8:56am
guess where i got stopped out.. minus -50 pips... takes out my stop and turns around
other pairs same story.
this pair often takes days to turn. will try again tomorrow.

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maybe retest of tl. but often does not happen.

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  • #3,220
  • Jun 14, 2016 9:45am Jun 14, 2016 9:45am
Might be trapped between 79 and 7960/70 it looks like.
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