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EUR/GBP
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snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Aug 05 2016 at 17:25
what pairs do you trade?

"They mistook leverage with genius".
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Aug 09 2016 at 09:48
That depends on the high impact events. For example, before the NFP I'd close my USD-related positions, before a BoE announcement I'd close my GBP-related positions. And so on and so forth.

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Aug 10 2016 at 09:54
Regarding EUR/GBP, it has almost reached the previous high at 0.8626. I'm waiting to see whether it will form a double top or it will continue rising above that level.

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Aug 11 2016 at 11:36
Long term trend looks bullish,may get some intra day pull backs ,the trend is your friend,watch out for fake outs around that 8600 level.

"They mistook leverage with genius".
rob559

Member Since Feb 11, 2011  1916 posts rob559 Aug 11 2016 at 15:27
it will have enough steam to reach 0. 8794 before any correction

rob559

Member Since Feb 11, 2011  1916 posts rob559 Aug 11 2016 at 22:53
rob559 posted:
it will have enough steam to reach 0. 8794 before any correction
if correction there is

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Aug 13 2016 at 09:34
It all depends on the bond buy backs over the next six months,so far the demand is x4.7 times over subscribed, further weakness in the pound is the objective,BOE have plenty of fire power to push yields lower.

"They mistook leverage with genius".
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Aug 13 2016 at 10:50
rob559 posted:
it will have enough steam to reach 0. 8794 before any correction


I am not so sure about 0.8794, but I think that it will reach 0.8750 - 0.8760 at least.

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Aug 15 2016 at 17:42
Looks like a pull back for now short @ 87020,take profit @ 86500 stoplosss 87030.

"They mistook leverage with genius".
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Aug 16 2016 at 08:45
It broke below 0.8700 again, next target is likely 0.8670.

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EURUSD 1.09928 GBPUSD 1.27617
USDJPY 108.259 USDCAD 1.34178

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.