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snapdragon1970 (snapdragon1970)
Feb 14 2017 at 15:27
1944 posts
Might be a speed bump coming into the London close around 3.30-3.45

"They mistook leverage with genius".
kerstin71 (kerstin71)
Feb 15 2017 at 07:38
40 posts
I just took long position at GBPJPY Target 144.48 It is more than 190 Pips. and running my EURGBP position since last week.



(please adjust your chart, you might have different price)

Attachments:


Helping new traders
BaldoN (BaldoN)
Feb 15 2017 at 10:16
522 posts
EUR/GBP - Looks nice 30 points candle on 1H chart. Most likely the movement may go up to 0.8520/40

mlawson71
Feb 15 2017 at 13:18
1487 posts
snapdragon1970 posted:
Nice trading Mlawson71!


Thank you! I think that now it’s time for longs though.

snapdragon1970 (snapdragon1970)
Feb 15 2017 at 18:47
1944 posts
Was away today, no trading, checking out Meir Barak on Tradenet.
Just looking now, on the 4hr looks good to 85200 although its quite common that we get a bit of a fade this time of evening.
The trend still remains bullish.

"They mistook leverage with genius".
snapdragon1970 (snapdragon1970)
Feb 15 2017 at 18:51
1944 posts
kerstin71 posted:
I just took long position at GBPJPY Target 144.48 It is more than 190 Pips. and running my EURGBP position since last week.



(please adjust your chart, you might have different price)

Your running EUR/GBP since last week, do share.

"They mistook leverage with genius".
kerstin71 (kerstin71)
Feb 16 2017 at 07:33
40 posts
snapdragon1970 posted:
kerstin71 posted:
I just took long position at GBPJPY Target 144.48 It is more than 190 Pips. and running my EURGBP position since last week.



(please adjust your chart, you might have different price)

Your running EUR/GBP since last week, do share.





As you can see I am holding short at EURGBP from Feb 7 and will run till next Major support .83326 (Low of September 6, 2016) .

However, we have a minor support at .84495 (high of Dec 19, 2016). A daily candle needs to close below this price, which will push the price to the support .83326.

Anyway, in daily chart price action moves slower and takes time to hit TP. This is something a Swing trader knows very well.

(Note: My chart from Hanseatic Broker that is why I mention the date so that you can adjust the price as your chart)

All the best

Attachments:


Helping new traders
snapdragon1970 (snapdragon1970)
Feb 16 2017 at 13:32
1944 posts
Thanks for posting, your minor R1 is in the wrong place, its around 85 ,next is 85200 its doubtful that GBP will reach that bottom of 83326 anytime soon, nothing wrong with drawing trend lines they do give some clues, but if everyone is using them where is the edge.

"They mistook leverage with genius".
lee42747 (lee42747)
Feb 17 2017 at 10:13
49 posts
On the daily chart EURGBP price is moving in a range between 0.8455 and 0.8640. I agree that it is less likely to see a drop down to 0.8330 levels in short term. I have an open long trade since couple of hours and so far all good. Waiting to see the British Retail sales figures if there will be an impact shortly.

mlawson71
Feb 18 2017 at 11:35
1487 posts
lee42747 posted:
On the daily chart EURGBP price is moving in a range between 0.8455 and 0.8640. I agree that it is less likely to see a drop down to 0.8330 levels in short term. I have an open long trade since couple of hours and so far all good. Waiting to see the British Retail sales figures if there will be an impact shortly.


I have a long too, my TP is at 0.8600.

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