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EUR/GBP - What a great pair to trade!

  • #3,441
  • Nov 10, 2016 9:14am Nov 10, 2016 9:14am
Good, intelligent comments above. After the election and a pretty convincing Republican mandate, I see some equally convincing price action. I traded it today but it was a bit too volatile for my methods and I was tossed off for a small profit. Yes. I'll be watching the .8700 - .8600 zone with interest.

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  • #3,442
  • Nov 10, 2016 1:29pm Nov 10, 2016 1:29pm
closed all eurgbp shorts. nwxt target 8360
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  • #3,443
  • Nov 11, 2016 5:56am Nov 11, 2016 5:56am
Yesterday closed too early. But who could imagune the cross was so weak. Now we wait a pullback and then short again
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  • #3,444
  • Nov 11, 2016 10:43am Nov 11, 2016 10:43am
I'm seeing the failure at the EMA50 on the daily at .8750 (yellow line), which has previously served as solid support, as indication of a clear path to the SMA50 on the daily (my red line) at .8250. TP just above it at .8350.

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Mark
  • #3,445
  • Nov 12, 2016 8:27pm Nov 12, 2016 8:27pm
Looks like the pound could make some good gains against the euro next week again.

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Id also expect GBPCAD to continue up due to falling oil prices

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  • #3,446
  • Nov 13, 2016 8:49pm Nov 13, 2016 8:49pm
Eur/Gbp continue its consolidation movement around 0.86 level, break below immediate support zone 0.8565/60 would open the door to further downside.
  • #3,447
  • Nov 14, 2016 12:31am Nov 14, 2016 12:31am
Quoting longshot_nl
{quote} ..... i think i'd try a short at 9012....
was 9023.

got confluence at 8850 or 8889 maybe for congestion retest.
does not seem strange to me to buy here for a bullish week looking at the congestion on the left.
  • #3,448
  • Nov 14, 2016 6:20pm Nov 14, 2016 6:20pm
which one will hold?
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  • #3,449
  • Nov 14, 2016 6:22pm Nov 14, 2016 6:22pm
the right chart is this one
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  • #3,450
  • Nov 15, 2016 9:59am Nov 15, 2016 9:59am
EURGBP is kindly retracing as it reached his target.
Target of the retracement 8737 or even 8847
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  • #3,451
  • Nov 16, 2016 6:08am Nov 16, 2016 6:08am
Price retrace of Resistance lvl on H1. Shorting

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  • #3,452
  • Nov 17, 2016 6:18am Nov 17, 2016 6:18am
Thread should be renamed - EUR/GBP - What a slow pair to trade
  • #3,453
  • Nov 17, 2016 6:13pm Nov 17, 2016 6:13pm
Quoting jeremyyn
Thread should be renamed - EUR/GBP - What a slow pair to trade
Boring as hell, but I'll take it. This short has been on automatic pilot since the election, tested the resistance at EMA50 on the daily, got rejected, now on its way to SMA200 support at .8237.

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Mark
  • #3,454
  • Nov 17, 2016 7:04pm Nov 17, 2016 7:04pm
I expect a bounce at 84 & a few waves on the way down to 77
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  • #3,455
  • Nov 17, 2016 7:50pm Nov 17, 2016 7:50pm
Quoting CrazyOz
I expect a bounce at 84 & a few waves on the way down to 77 {image}
84 is the fib50 of the move since Brexit. Big bounce there. Agree
Mark
  • #3,456
  • Nov 20, 2016 7:05pm Nov 20, 2016 7:05pm
The pair consolidate in the negative territory around 0.86 zone, eye towards downside 0.84/85.
  • #3,457
  • Nov 21, 2016 1:20am Nov 21, 2016 1:20am
.8600 - I'm looking for longs here, medium to longer term. This is the 38.2 Fibonacci retracement level. I have studied this this level at length. It has only a minor edge to it, if at all. The fact is, a lot of technical traders use it. It sometimes holds and then fails for this reason. In this situation, Eur/Gbp, it combines with a divergent daily candle, in an uptrend which was so fierce that it was due a major correction. We are also touching the July - August resistance zone, now potentially support.
Low margin, high hopes, failure possible:

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  • #3,458
  • Nov 21, 2016 3:44am Nov 21, 2016 3:44am
Quoting CrazyOz
I expect a bounce at 84 & a few waves on the way down to 77 {image}
Price failed to make as far down to 84 & now the bounce is in motion & could make it all the way back to 89....77 still on the radar further down the track
Combat crazy markets with crazy trading
  • #3,459
  • Nov 21, 2016 3:53pm Nov 21, 2016 3:53pm
Quoting CrazyOz
{quote} Price failed to make as far down to 84 & now the bounce is in motion & could make it all the way back to 89....77 still on the radar further down the track
That .84 move is still in play. I'm TP at .8420.
Mark
  • #3,460
  • Nov 21, 2016 4:42pm Nov 21, 2016 4:42pm
Quoting CrazyOz
{quote} Price failed to make as far down to 84 & now the bounce is in motion & could make it all the way back to 89....77 still on the radar further down the track
Some profit taking during Asian session is hardly a bounce, especially after a huge bearish, outside daily candle that breaks a 4 week low, but time will tell

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