EUR/GBP

Jul 05, 2016 at 10:14
23,405 Views
1,259 Replies
Member Since Feb 12, 2016   522 posts
Mar 07, 2017 at 09:48
Hello,
It seems for this market need to stay from the long side :)
Maybe soon we will go up to 0.8700.
Member Since Sep 12, 2015   1948 posts
Mar 07, 2017 at 12:46
The range is thinning out, we should get a breakout soon, Its looking like it wants to head lower for a pull back.
"They mistook leverage with genius".
Member Since Dec 11, 2015   1487 posts
Mar 07, 2017 at 12:58
I agree, it’s time for longs. I think it may climb way above 0.8700.
Member Since Sep 12, 2015   1948 posts
Mar 07, 2017 at 15:22
It looks like we are swinging either side of 86700, I will sit on the side for now.
"They mistook leverage with genius".
Member Since Feb 12, 2016   522 posts
Mar 08, 2017 at 10:49
Hello,
EUR/GBP - seems for me will go further up - around 0.8700/10 due to GBP weakness against the US dollar. EUR is also losing ground against the US dollar, but somehow stay a bit stronger :)
Member Since Sep 12, 2015   1948 posts
Mar 08, 2017 at 11:26
If you look at the 4hr chart you can see we are bouncing between extremes with eur/usd 0500 and 06200, data from Europe is quite good same as US, with the elections in sight we will get some swings, pound should be a nice trade as we get closer to exit date.
"They mistook leverage with genius".
Member Since Dec 11, 2015   1487 posts
Mar 08, 2017 at 12:12
snapdragon1970 posted:
If you look at the 4hr chart you can see we are bouncing between extremes with eur/usd 0500 and 06200, data from Europe is quite good same as US, with the elections in sight we will get some swings, pound should be a nice trade as we get closer to exit date.

We don’t even know when the exit date will be though. Or did they set it?😕
Member Since Sep 12, 2015   1948 posts
Mar 08, 2017 at 12:14
Its suppose to be the 15th ,but god knows if that will actually happen its clear as mud!!!
"They mistook leverage with genius".
Member Since Sep 12, 2015   1948 posts
Mar 09, 2017 at 13:18
We had a sudden drop on the FTSE100 yesterday evening, I was sharing with some other traders the possible bounce we would get on eur/gbp at London open as a result, well it hit 87 then I did a short great start to the day, happy trading!!!
"They mistook leverage with genius".
Member Since Dec 11, 2015   1487 posts
Mar 10, 2017 at 13:21
snapdragon1970 posted:
We had a sudden drop on the FTSE100 yesterday evening, I was sharing with some other traders the possible bounce we would get on eur/gbp at London open as a result, well it hit 87 then I did a short great start to the day, happy trading!!!

It’s well above 0.87 now, I think it will reach 0.88 with ease.
Member Since Sep 12, 2015   1948 posts
Mar 10, 2017 at 13:30
I did a quick short down to 87200 just before the data from 87350
"They mistook leverage with genius".
Member Since Sep 12, 2015   1948 posts
Mar 10, 2017 at 13:38
I might go short again if we get a pop near 88
"They mistook leverage with genius".
Member Since Dec 11, 2015   1487 posts
Mar 11, 2017 at 11:20
I think I’d wait until it climbs near 0.8850 before I consider opening longs.
Member Since Sep 12, 2015   1948 posts
Mar 11, 2017 at 14:41
We might get some clues of direction at Asian open on Sunday night or the data out on Monday.
"They mistook leverage with genius".
Member Since Nov 21, 2011   1718 posts
Mar 12, 2017 at 07:49
Have a look at weekly candle... great call from sunday.
Target 1: 0.8900
97% traders Short: => Huge Up trend.
Member Since Dec 11, 2015   1487 posts
Mar 12, 2017 at 12:43
mlawson71 posted:
I think I’d wait until it climbs near 0.8850 before I consider opening longs.

That should have been “before I consider opening shorts”. I can’t believe I conflated the two, sorry. I was definitely referring to short positions.😳
Member Since Sep 12, 2015   1948 posts
Mar 12, 2017 at 13:59
mlawson71 posted:
mlawson71 posted:
I think I’d wait until it climbs near 0.8850 before I consider opening longs.

That should have been “before I consider opening shorts”. I can’t believe I conflated the two, sorry. I was definitely referring to short positions.😳

Anyone who trades eur/gbp knows you was thinking short.
"They mistook leverage with genius".
Member Since Sep 12, 2015   1948 posts
Mar 12, 2017 at 14:04
CrazyTrader posted:
Have a look at weekly candle... great call from sunday.
Target 1: 0.8900
97% traders Short: => Huge Up trend.

Political risk this week, be careful of the obvious trade, TA watch out.
"They mistook leverage with genius".
Member Since Sep 12, 2015   1948 posts
Mar 12, 2017 at 23:21
Looking forward to some exciting volatility this week.
"They mistook leverage with genius".
Member Since Dec 11, 2015   1487 posts
Mar 13, 2017 at 11:47
snapdragon1970 posted:
mlawson71 posted:
mlawson71 posted:
I think I’d wait until it climbs near 0.8850 before I consider opening longs.

That should have been “before I consider opening shorts”. I can’t believe I conflated the two, sorry. I was definitely referring to short positions.😳

Anyone who trades eur/gbp knows you was thinking short.

I know, I was just embarrassed.

Anyway, I decided to short earlier after all. My TP is at 0.8710.
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