EUR/GBP

Be advised we have a ceiling at 88800 on the 4hr chart ,hopefully it will break that level and return to 90 area.

Just looked at the monthly report ,Eur/USD looking more like a sell for now 17350 break , Eur/GBP is about neutral although euro area is doing better than UK,I will hold my position for now, the number one trade CAD/EUR long

We have no break below 17350 eur/usd so watch for a turn around possible support at 17500 if we break through it.

CrazyTrader posted:

mlawson71 posted:
I moved the TP of the long position to 0.8900, I hope it will climb that high.

It will.

I lost my courage and closed it at 0.8875. Now I am waiting to see whether there will be a reversal.

I missed out on eur/usd profit this morning, just didn't have time ,still cant catch em all, looks like it might be doing a round trip to 17.
Anyway my eur/gbp trade is doing well on the Long side.

I don't regret closing the long, to be honest. It could continue rising a bit more, but I am not certain at all.

At the moment it can't make up its mind,equally balanced between buyers and sellers.

Good thing I held this position even though it was like watching paint dry

EURGBP used to be like that all the time until the euro crisis and then brexit

PinUpGal posted:
EURGBP used to be like that all the time until the euro crisis and then brexit

True, that's why not many traded it , we need volatility.

Eur/USD is looking interesting for a quick long although my view is Euro negative against the Dollar

snapdragon1970 posted:
Good thing I held this position even though it was like watching paint dry

And I am considering whether I should open a new long or wait until Monday. 😕

Friday is usually quiet compared to the rest of the week, although it being start of month buyers re enter positions, if I was going to take a new position I'd wait for a bounce off 90 ,my second trade at this point would be a re test of 17100 area on eur/usd.

I opened a new long after all and placed the TP at 0.9020, I think it will climb to that level next week.

I am long to but only intra day. Fingers crossed...

I'm crossing my fingers too, because that long I opened last week is still open. :(

Hope it keeps climbing mlawson , need support at 89400 to move higher I got out earlier at 89700 and re entered at 89100 even though it looked like it was going lower, the crossover on the pair was something worth considering.

snapdragon1970 posted:
Hope it keeps climbing mlawson , need support at 89400 to move higher I got out earlier at 89700 and re entered at 89100 even though it looked like it was going lower, the crossover on the pair was something worth considering.

Well, it is at 0.89400 now. I think the support is holding, I am keeping the long open.

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