EUR/GBP

On most Eur/GBP trades we close out around 4.30 at the latest ,unless we see good volatility,London close we usually get the last moves from 3.30-3.45 ,around 7 and 10 not always though,but best to be aware of.As you can see its moving sideways on this 88440 area.

I think price will go up again to the 0.88458 point. But it will be after a short flat.

Some crazy signals on this pair at the moment ,sticking to Eur/Usd till next UK meeting or if there is a break-out.

snapdragon1970 posted:
Some crazy signals on this pair at the moment ,sticking to Eur/Usd till next UK meeting or if there is a break-out.

I am not trading it either, better to keep away when I don't know what's going on that to trade just for the sake of it.

mlawson71 posted:

snapdragon1970 posted:
Some crazy signals on this pair at the moment ,sticking to Eur/Usd till next UK meeting or if there is a break-out.

I am not trading it either, better to keep away when I don't know what's going on that to trade just for the sake of it.

Your welcome to follow my Live posts on Monday at 9am GMT it will be Eur/USD setups though.

snapdragon1970 posted:

mlawson71 posted:

snapdragon1970 posted:
Some crazy signals on this pair at the moment ,sticking to Eur/Usd till next UK meeting or if there is a break-out.

I am not trading it either, better to keep away when I don't know what's going on that to trade just for the sake of it.

Your welcome to follow my Live posts on Monday at 9am GMT it will be Eur/USD setups though.

I will do so, thanks for the info.

Closed the gap on Eur/USD last night,the bigger the better,more likely to close,I will wait for a return to 22200 level,if that's where longs are sitting that's where we want to do business.

I shorted EUR/GBP at 0.8825 today and I am about to close the short. 30+ pips are enough for me.

Good work 30 pips is a good day ,looks like it might find support at 87800 all I did this morning was trade the gap in Eur/Usd from last night.

Slight bounce off 87700 might catch some pips here on breakout of 87800.

Taking a long term trade on Eur/GBP at 87700 although 87600 would be a better entry for Long position to 88850.

snapdragon1970 posted:
Taking a long term trade on Eur/GBP at 87700 although 87600 would be a better entry for Long position to 88850.

Why do you think a long term trade is a good idea? The pair has been in range for months?

On the weekly chart there is strong support down at 87600-87700 area,EU data is favorable at the moment,my upside is profit from 87700,my stop at 87600.

Got stopped out on my trade,small loss so I will wait till level hits 87000,again keeping a close stop,if we are wrong we survive for next move,meanwhile Dollar is still in sell off mode Trump talking of Asia imports tariffs on washing machines and solar panels.

I shorted pretty late when I saw how it was falling, at 0.8730. I think I should close the short now before the inevitable rebound.

Good idea 87 bounce dangerous for shorts now DXY moving higher too, 89 supportive.

snapdragon1970 posted:
Good idea 87 bounce dangerous for shorts now DXY moving higher too, 89 supportive.

I closed it just on time before the rebound started. But I didn't open a long. 🙄

I was keeping an eye on Eur/USD for a short at the time,glad I did 120 pips profit,funny thing myfxbook chart went lower than my own broker!

I am starting to regret not opening a long on EUR/GBP, this rebound will continue next week.