EUR/GBP - What a great pair to trade! | Page 178 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/GBP

Similar Threads

How to create synthetic pair: GBP/SEK using Gbp/usd*usd/sek 4 replies

Price info indicator needed - one pair's price x another pair 5 replies

Great System to an EA, needs 1 entry per pair 1 reply

Multi-pair trading or Few-Pair Trading. [poll] 15 replies

Post your weekly cross-pair charts: EUR/AUD Looking great now 0 replies

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

EUR/GBP - What a great pair to trade!

  • #3,541
  • Mar 22, 2017 5:45am Mar 22, 2017 5:45am
This is quite interesting, if you scroll down to Chart of the Day, Eur/Gbp. Mention of the reversal pattern which is huge if it plays out, I'm guessing a strong close below .8300 - technical target .7600
Gone to a better place
  • #3,542
  • Mar 23, 2017 4:44am Mar 23, 2017 4:44am
Quoting longshot_nl
{quote} Could be. 1.2524 is where i have a short order. 1.188 is where i have a long term buy order.
got to 2527. order triggered.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2017-03-23 10:43:42.png Size: 10 KB
  • #3,543
  • Mar 23, 2017 9:17am Mar 23, 2017 9:17am
Quoting longshot_nl
{quote} got to 2527. order triggered. {image}
s/o @ be.
  • #3,544
  • Mar 24, 2017 4:06am Mar 24, 2017 4:06am
Quoting longshot_nl
{quote} s/o @ be.
I know you are a technical trader and can spot a level. But today, 7 months of increasing PMI index for the Euro, each one exceeding the forecast?
Gone to a better place
  • #3,545
  • Mar 24, 2017 6:03am Mar 24, 2017 6:03am
Quoting smikester
{quote} I know you are a technical trader and can spot a level. But today, 7 months of increasing PMI index for the Euro, each one exceeding the forecast?
Those i find hard to answer. I have no clue what is priced in. How predictable it was. My fundies are weak.
  • #3,546
  • Mar 24, 2017 9:41am Mar 24, 2017 9:41am
Quoting longshot_nl
{quote} Those i find hard to answer. I have no clue what is priced in. How predictable it was. My fundies are weak.
To be honest I have made money just from your charts so I don't think it matters.
Gone to a better place
  • #3,547
  • Mar 27, 2017 12:59am Mar 27, 2017 12:59am
It seems the bullish gap has recovered. The pair continue its correction movement and resistance can be found at 0.8700/0.8720 zone.
  • #3,548
  • Mar 29, 2017 4:01am Mar 29, 2017 4:01am
Any ideas on how this pair will act during this Brexit process? Euro vs GBP. It's like a game. lol

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,549
  • Mar 29, 2017 10:20am Mar 29, 2017 10:20am
Quoting CannonScout
Any ideas on how this pair will act during this Brexit process? Euro vs GBP. It's like a game. lol A
The problem I have trading the Pound during the Brexit process is that the outcome is clear, i.e. the UK is leaving the EU, but the terms of the outcome are in a constant state of flux. I don't think this is good for the UK or for Europe and it's hard enough trading currencies with clear fundamental biases.
Gone to a better place
  • #3,550
  • Mar 29, 2017 6:01pm Mar 29, 2017 6:01pm
Quoting CannonScout
Any ideas on how this pair will act during this Brexit process? Euro vs GBP. It's like a game. lol A
I think all the bad news has been factored in to the pound .. So much negativity by MSM daily.

When all that subsides the pound will appreciate against EUR..

Having a short EUR/GBP position is favourable to day to day carry .

UK interest rates are likely to move up further.

Europe however has issues, and with Germany really the only economy to justify higher rates, the remaining members still struggling.

Last night a dovish tone was finally mentioned to rates.

The market completely over read the hawkish tone so that will correct
  • #3,551
  • Mar 31, 2017 3:29am Mar 31, 2017 3:29am
A lot of speculation into the pound occurred it seemed. At least I think that's what it was.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,552
  • Mar 31, 2017 4:10am Mar 31, 2017 4:10am
Quoting longshot_nl
this is the best i got for a bullish entry. although i would enter on break up/retest of triangle. {image}
Triggered. sl @ be.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 59 KB
  • #3,553
  • Apr 9, 2017 2:58pm Apr 9, 2017 2:58pm
If it can't get above 0.86 soon, then I think it will go down further and it might be a good sell opportunity this week. Stops above 0.86.
Don't Worry Be Happy
  • #3,554
  • Apr 11, 2017 7:48am Apr 11, 2017 7:48am
Quoting MrPresident
If it can't get above 0.86 soon, then I think it will go down further and it might be a good sell opportunity this week. Stops above 0.86.
and down we go...
Don't Worry Be Happy
  • #3,555
  • Apr 11, 2017 12:09pm Apr 11, 2017 12:09pm
Quoting MrPresident
{quote} and down we go...
maybe we can go down to 0.842
Don't Worry Be Happy
  • #3,556
  • Apr 13, 2017 1:56am Apr 13, 2017 1:56am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp170413w1.JPG Size: 84 KB


Settling rather heavily on the .8500 line. Weekly bearish engulfing candle, weekly inside bar closing at .8503. Ascending trend line meeting price and .8500 at about now. Is the market uncertain? I certainly am.
Gone to a better place
  • #3,557
  • Apr 18, 2017 5:10am Apr 18, 2017 5:10am
Have a pending long .837.
sl: .835
target .902
  • #3,558
  • Apr 18, 2017 6:09am Apr 18, 2017 6:09am
Quoting longshot_nl
Have a pending long .837. sl: .835 target .902

A brave trade and I like the level. Your stop looks tight. I hope it works out. I'll be looking at price around there.
Gone to a better place
  • #3,559
  • Apr 18, 2017 6:10am Apr 18, 2017 6:10am
Quoting MrPresident
{quote} maybe we can go down to 0.842
yes, we are going there for sure

easy money
Don't Worry Be Happy
  • #3,560
  • Apr 18, 2017 10:23am Apr 18, 2017 10:23am
Quoting smikester
{quote} A brave trade and I like the level. Your stop looks tight. I hope it works out. I'll be looking at price around there.
its 88.6 fib level, price may not get below if it wants to make a gartley and its also a target which should make it strong support.
my target is off though. should be 0.8964, the gartley level.
3 traders viewing now