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EUR/GBP - What a great pair to trade!

  • #3,421
  • Oct 18, 2016 10:43am Oct 18, 2016 10:43am
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  • #3,422
  • Oct 18, 2016 1:25pm Oct 18, 2016 1:25pm
Thanks for sharing Filostro.
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  • #3,423
  • Oct 18, 2016 4:50pm Oct 18, 2016 4:50pm
Looks short and I missed it. But we may retest last week's low.
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  • #3,424
  • Oct 18, 2016 6:12pm Oct 18, 2016 6:12pm
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  • #3,425
  • Oct 18, 2016 6:17pm Oct 18, 2016 6:17pm
GBP - The revenge
  • #3,426
  • Oct 21, 2016 5:56am Oct 21, 2016 5:56am
Starting to look like a bull flag - buyers reluctantly relinquishing their weaker positions, possibly to buy better at .8834?

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  • #3,427
  • Oct 26, 2016 10:16pm Oct 26, 2016 10:16pm
struggle......
  • #3,428
  • Oct 27, 2016 3:42am Oct 27, 2016 3:42am
I think it's going down to 0.889 (first support) or max to 0.888 before change trend...any other ideas?
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  • #3,429
  • Oct 27, 2016 2:07pm Oct 27, 2016 2:07pm
Quoting Bingolo
I think it's going down to 0.889 (first support) or max to 0.888 before change trend...any other ideas? {image}
Might well do. I'm still looking at the bull flag possibility. Here is a line which seems to have been traded by some big money:

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It's not the best but as bull flags go it may be worth a trade. It extrapolates to parity...
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  • #3,430
  • Nov 3, 2016 4:37am Nov 3, 2016 4:37am
pair looks heavy but it did also before going up another 400 pips.
possible 850 pip down move before 9652.
flat now but am looking to short.

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  • #3,431
  • Nov 3, 2016 4:57am Nov 3, 2016 4:57am
Quoting longshot_nl
pair looks heavy but it did also before going up another 400 pips. possible 850 pip down move before 9652. flat now but am looking to short. {image}
How can you do such a long forecast?
It can happen everything in a such long time !!
Sometime I do long forecast (not long as urs) but if there is a range (channel, triangle, rectangle)...now I don't see any of them.

I am agree that the cross is testing a long long resistence and if broken something will happen but what I have definitely no idea until where it can move.

I am not saying that your view is wrong, simply I do not understand it
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  • #3,432
  • Edited 10:41am Nov 3, 2016 10:30am | Edited 10:41am
Quoting Devart
{quote} How can you do such a long forecast? It can happen everything in a such long time !! Sometime I do long forecast (not long as urs) but if there is a range (channel, triangle, rectangle)...now I don't see any of them. I am agree that the cross is testing a long long resistence and if broken something will happen but what I have definitely no idea until where it can move. I am not saying that your view is wrong, simply I do not understand it {image} {image}
Price was humping on the upward trend-line i plotted it was not rejected hard with a strong continuation move as it would be when price was bullish. Also before there was a nice spike on 7 October which is also bearish. the spike topped at about 9138 was a 150% fib level of the brexit move. the horizontal line on my chart is 50% of the brexit move and previous resistance.
In the last 5 hours the line was broken which is further confirmation.
Furthermore there are political complications with brexit which could bring price back down.

i think i'd try a short at 9012.
am not really sure about it yet though
  • #3,433
  • Nov 4, 2016 4:54am Nov 4, 2016 4:54am
I would fade yesterday's move. I'm looking for opportunities to short Gbp. I may be wrong.

Fundamentally the political situation here in the UK has become even more confused. It has turned into a massive can of worms. Mark Carney has decided to leave the Bank of England early. That should be the biggest indicator. I am guessing he knew what came with the job but Brexit has cast a whole new shadow over his duties.

Guess what his duties are? Guiding the national economic and monetary policy. Already criticised and accused of scaremongering, he's now expected to steer us through an economic turmoil of our own making. I would speculate that he wasn't warned of this possibility at the interview.

What an ideal opportunity for a united Europe to show what a huge mistake the UK has made.
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  • #3,434
  • Nov 7, 2016 9:11am Nov 7, 2016 9:11am
Quoting smikester
The ATR reading is getting higher and higher across all time frames - the highest for 5 years. I'm looking forward to good strong moves in this pair and for today, a down day, I have a couple of small shorts on the hourly time frame. I'm guessing some consolidation around .9000 for a few days or even weeks, but with volatility high anything could happen.
.

Looks like what I said is coming true. Consolidation just under .9000. I'm looking for more upside longer term.


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  • #3,435
  • Nov 7, 2016 10:31pm Nov 7, 2016 10:31pm
longterm i'm looking for sell...now at resistance level...short term looks like to go up....maybe i need to wait for another confirmation........
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  • #3,436
  • Nov 8, 2016 4:41am Nov 8, 2016 4:41am
I am thinking about opening a short-term long on this pair. Do you think that the elections in the USA could affect it even if it's not related to the USD?
  • #3,437
  • Nov 9, 2016 5:55pm Nov 9, 2016 5:55pm
Quoting mlawson71
I am thinking about opening a short-term long on this pair. Do you think that the elections in the USA could affect it even if it's not related to the USD?
Trump likes brexit and U.K. and not so much Eurozone.
He will trade preferably with UK than with Eurozone.
So long cable short Euro
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  • #3,438
  • Nov 9, 2016 6:37pm Nov 9, 2016 6:37pm
Quoting Devart
{quote} How can you do such a long forecast? It can happen everything in a such long time !! Sometime I do long forecast (not long as urs) but if there is a range (channel, triangle, rectangle)...now I don't see any of them. I am agree that the cross is testing a long long resistence and if broken something will happen but what I have definitely no idea until where it can move. I am not saying that your view is wrong, simply I do not understand it {image} {image}
dEVART,
CAN YOU TELL ME WHERE YOU GOT THAT EA OR iNDI THAT DISPLAYS ON THE CHART THE CALENDAR NEWS?
gRAZIE!
  • #3,439
  • Nov 9, 2016 6:44pm Nov 9, 2016 6:44pm
Quoting filostro
{quote} Trump likes brexit and U.K. and not so much Eurozone. He will trade preferably with UK than with Eurozone. So long cable short Euro {image}
Spot on

Trump will be a disaster for Europe and this could spell the end of the EU if we start seeing a domino effect with countries moving away from left leaning ideals
  • #3,440
  • Nov 10, 2016 4:24am Nov 10, 2016 4:24am
Quoting filostro
{quote} dEVART, CAN YOU TELL ME WHERE YOU GOT THAT EA OR iNDI THAT DISPLAYS ON THE CHART THE CALENDAR NEWS? gRAZIE!
LOOK

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