EUR/GBP - What a great pair to trade!

Thanks for the input Ivan and asg. I like your confidence in the UK. I'm sure the UK will ride this out. It's potentially damaging for both parties. I wish I could agree with the head and shoulders theory supported by asg and aarontan. It's scruffy and the higher lows don't inspire confidence.

All in all, not a great pair to trade at the moment. I'm only long because I had placed pending orders. I placed shorts, too, now expired. If we look at the weekly chart we see .8640 which I mentioned on 3rd March, is an important level. Any strong daily trading above here is bullish.

Hi Guys..

Are you looking for entry for this pair?
I do have my suggestion. here it is.

https://goo.gl/SGwQkT

good luck.

So you are bearish GU Smikester? I can somewhat see an argument for EG @ 8800 but don't see it pushing much beyond that. this roughly coincides with GU 1.2100.

I don't think GU is great now. But hard to see it slashing through 2000 DB with ease.

I don't know about Gbp/Usd. I'm not trading it at the moment. My Eur/Gbp longs are from 28th February and I held them through the poor PMI numbers on Friday. Looking at 2013 this guy may have a point.

I know what you're going to say next - how can you trade EG if you don't analyse GU? Well, I do look at it. But one of the reasons I like this pair (EG) is contrasting news from UK and the EU can give good moves in the early hours of the London session, in much the same way as Usd and Cad sometimes does in New York.

yeah I also got that tagged for potential reversal but I like 8775 better. ))) also March generally weak month for GU at least first half so I'd like EG to take more time to complete this bull leg now.

Long in this from 0,86728
SL 0,86357
Tp 0,87283

It pushed higher but is approaching a falling trendline. We'll see what tomorrow brings

Cheers!

maybe the trend is taking a pause

GbpUsd in downtrend
Eurusd choppy
Result..EurGbp in uptrend

hi guys, could become a gartley on daily chart.

The Gartley is too early for me to confirm but there seems to be a valid W3 heading in that direction on all timeframes up to H1.

My monthly chart.
The red channel was broken but not retested.
The big red candle has my attention.
Last 3 months no high could be made.
Its march 13, enough time to turn this months candle into bearish rejection.
imho 0.777 may be next. maybe 0.746

The 4 hour chart has been getting steeper. I'm thinking a pull back is on the cards.

target until 14.30 1,0638

Look..on the previous cases the big volume was in the direction of a swing up...this time the big volume was from the sellers and caused a swingdown..

The trend is still up. The screenshot is of a trend line I drew a while ago. I put more faith in levels rather than trend lines. It would be nice if it held, but I've taken 60 pips which is half of my load. I'm short from .8774. The thing I like about this pair is that it works really well on the 4 hour charts (mostly ). 4 hour says up so I am prepared to let the last lot go to BE. I don't see a good entry for longs at the moment so will just stick with what I have got.

this is the best i got for a bullish entry.
although i would enter on break up/retest of triangle.

2 pending orders

Not a bad idea. Except I have .8650 marked as a level and I'm wondering if 1.25 for cable is going to be the high for now.

Could be.
1.2524 is where i have a short order.
1.188 is where i have a long term buy order.