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x6taifun
Oct 05 2016 at 06:46
2 posts
Not to offend you, but from a fundamental point short is the wrong wait to go for EUR/GBP. Posted a few days already about it: https://www.instagram.com/p/BKsk56LhaY_/?taken-by=x6taifun

There was a goverment speech at the weekend regarding brexit getting more serious, after that price made a huge gap upwards and since then didn't even have the bearpower to retest that gap. So, in my opinion, bull is the way to go ;)

kieran (snapdragon1970)
Oct 05 2016 at 09:22
1945 posts
We only taking shorts on extremes like this morning,stronger PMI as I said in an earlier post I expect stronger data from the UK until Article 50 is invoked so we will see pullbacks,but the overall view is bullish for the Euro for now.Obviously buying on the dips.
 

"They mistook leverage with genius".
mlawson71
Oct 05 2016 at 10:43
1487 posts
It might be time for shorts indeed, considering the shooting star candlestick on the four-hour time frame.

kieran (snapdragon1970)
Oct 05 2016 at 11:41
1945 posts
If you look at the 1 hour Eur/Usd euro still looks bullish and Gbp/Usd the pound is weaker,that suggests to me euro is still bullish.Mlawson71 is right just be careful because its a strong up trend.

"They mistook leverage with genius".
x6taifun
Oct 05 2016 at 12:49
2 posts
Yes the trend is very strong, however you might be right if you look at the 4h you can clearly see the price decumulatiing, and if price closes as doji a short pullback might occur.

kieran (snapdragon1970)
Oct 05 2016 at 13:28
1945 posts
Possible bounce off 87900 here as we sail into US open

"They mistook leverage with genius".
kieran (snapdragon1970)
Oct 05 2016 at 14:03
1945 posts
x6taifun posted:
Not to offend you, but from a fundamental point short is the wrong wait to go for EUR/GBP. Posted a few days already about it: https://www.instagram.com/p/BKsk56LhaY_/?taken-by=x6taifun

There was a goverment speech at the weekend regarding brexit getting more serious, after that price made a huge gap upwards and since then didn't even have the bearpower to retest that gap. So, in my opinion, bull is the way to go ;)

I took a look at your instagram post ,those % stats are useful for trading in the opposite direction of retail if there is a considerable difference,which there is in this case.I use it myself and I'm not the only one who does.:)One other thing you might have noticed is May has got a bit more dovish since announcing the exit date,knowing that there will be no cherry picking.

"They mistook leverage with genius".
kieran (snapdragon1970)
Oct 05 2016 at 17:40
1945 posts
87900 got knocked out ,87820 is the next play off coming into US lunch time we might get a swing up,might get a push around 6.45-7pm GMT.

"They mistook leverage with genius".
kieran (snapdragon1970)
Oct 06 2016 at 08:03
1945 posts
Held this buy position over night,starting to make a break higher 88 was just broke,looking stable on the 1hr &4hr ,will be keeping a close eye around 11.

"They mistook leverage with genius".
Enchanted
Oct 06 2016 at 08:34
2 posts
got set up by sell EUR/GBP

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