Euro frente a Libra esterlina H1 Live Forex Chart
Gráfico EURGBP,H1 de snapdragon1970
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Switch to the 1hr chart to see what is happening here,less noise now to break 88200.
88100 has to hold to go higher or a break lower of 88050.
Algos playing with the price so I'm outta here in profit.
Two options here ,scalp to the mid point or hold and bounce out at 88.
Nice Long trade yesterday from 87619 up 88032,closed out just before 10pm GMT.
Price rejections noted that was my first signal ,needs to build a floor now at MA.
Eur/GBP making some attempt to move higher ,I will move up my stop if it continues higher.
I took a long position earlier which got stopped out ,second entry looking promising just need support at 89350
Euro bulls in control today ,if you have been following my posts your account must be healthy this week.
Got the break we have been talking about on our Long position,this long was testing my patience but well worth it ,one needs Zen brain.
89 has been noted as next ceiling by some of the banks ,be aware.
Break through of 88850 ,now needs to bounce off that level to show conviction of traders.
Good morning fellow traders,so far Eur has tested 88850 area twice ,next time it may break the level,will continue to hold .
Picked this trade 5 mins before the open, just looked right for a squeeze back up
90 pips up on this trade from yesterday .
I just took a Long position from 88600, this could be a very interesting open follow up.
From what I'm reading its more GBP weakness than Euro strength, no surprises if it drops lower.
I think this will test 88800 then retreat ,on the 4hr chart it looks bullish so we will continue to hold,88600 holding for now.
Sellers stopped out as most expected stronger GBP ,we got the hints earlier of a breakdown in the pattern.
We will look to 88800 as first major ceiling our trade from yesterday.
I have half a position on here at 88 even though signals are zero, its a support level though going back.
Those arrows are a signal for possible bottom,usually 3 then a curved priced action bottom ,ideally ,flat price action is no signal/sell.
what are your arrows indicating here, price signals?
Sometimes this pattern occurs that's why it is so important to know what to look for .
Unless there is some data release or news event ,quick scalp against the trend sometimes works
ya ive got to consider that
Looking at the daily chart its still on a down trend,so wise not to fight against it till it hits a major support level
right i see. so youre thinking the .87500 region?
No, I'm waiting for a lower low, went Long E/$ earlier,short oil
yes very true. do you have a position currently?