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EUR/GBP
Anggota Sejak Sep 12, 2015
1948 pos
Feb 26, 2017 at 20:56
Anggota Sejak Sep 12, 2015
1948 pos
'In the days ahead, a few upcoming data releases are likely to catch traders’ collective attention and drive the Euro. The second reading of Q4’16 French GDP, due out on Tuesday, could be fodder for the elections. Perhaps more directly related to policy, preliminary February German inflation and Euro-Zone inflation data, due out on Wednesday and Thursday respectively, may serve to cushion the Euro. Signs that inflation is returning to the region’s largest economy (and the region more broadly) may serve as support for the idea that the European Central Bank won’t loosen its policy further at said time'.
"They mistook leverage with genius".
Feb 27, 2017 at 12:26
Anggota Sejak Dec 11, 2015
1487 pos
snapdragon1970 posted:
'In the days ahead, a few upcoming data releases are likely to catch traders’ collective attention and drive the Euro. The second reading of Q4’16 French GDP, due out on Tuesday, could be fodder for the elections. Perhaps more directly related to policy, preliminary February German inflation and Euro-Zone inflation data, due out on Wednesday and Thursday respectively, may serve to cushion the Euro. Signs that inflation is returning to the region’s largest economy (and the region more broadly) may serve as support for the idea that the European Central Bank won’t loosen its policy further at said time'.
Hopefully that will finally end the EUR/GBP range, it’s very frustrating.😕
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Mar 01, 2017 at 15:11
Anggota Sejak Sep 12, 2015
1948 pos
Got knocked out of that last trade, to busy typing on another blog missed the dip, looks like an up trend at the moment although we had large engulfing bars at 2.35 ,we might get some downside coming close to London close or 3.30.
"They mistook leverage with genius".
Anggota Sejak Sep 12, 2015
1948 pos
Mar 05, 2017 at 16:00
Anggota Sejak Sep 12, 2015
1948 pos
Finished the week with a nice profit on eur/usd and eur/gbp ,might go short on eur/usd depending on news some German PMI on Monday. On eur/gbp 086280 needs to hold to go higher , yes it did test the previous high 86400 which is encouraging ,I try to ignore closing prices as they can give a deceptive view.
"They mistook leverage with genius".
Anggota Sejak Nov 21, 2011
1718 pos
Mar 06, 2017 at 07:42
Anggota Sejak Nov 21, 2011
1718 pos
Zoom out... I wouldn't call this a double top.
Range isn't over only if market shows it.
Due to recent up move, a daily close above 0.8650 would open the door for significant up trend.
The Daily W Pattern could be in formation if so.
Also notice 90% traders are short.
I'm ready to buy if we break above.
Range isn't over only if market shows it.
Due to recent up move, a daily close above 0.8650 would open the door for significant up trend.
The Daily W Pattern could be in formation if so.
Also notice 90% traders are short.
I'm ready to buy if we break above.
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Mar 06, 2017 at 12:50
Anggota Sejak Feb 12, 2016
522 pos
Hello,
EUR/GBP - Very nice hammer on 4H in conjunction with resistance around 0.8640 may looks good reason for starting to establish new short positions. On the other side, the market looks is pushing up and maybe test on the today's high 0.8670 would appear.
Nevertheless, sitting aside from the market is also a good position :)
EUR/GBP - Very nice hammer on 4H in conjunction with resistance around 0.8640 may looks good reason for starting to establish new short positions. On the other side, the market looks is pushing up and maybe test on the today's high 0.8670 would appear.
Nevertheless, sitting aside from the market is also a good position :)
Mar 06, 2017 at 12:53
Anggota Sejak Dec 11, 2015
1487 pos
@CrazyTrader
I was seeing a double top on the 1-hour time frame. Often such patterns are a prelude for a short-term retracement. Sorry, I should’ve specified. Either way, it’s not a double top anymore, the pair climbed above it.
I was seeing a double top on the 1-hour time frame. Often such patterns are a prelude for a short-term retracement. Sorry, I should’ve specified. Either way, it’s not a double top anymore, the pair climbed above it.
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
forex_trader_252244
Anggota Sejak May 26, 2015
112 pos
Mar 06, 2017 at 20:35
Anggota Sejak May 26, 2015
112 pos
Analysts at Commerzbank explained that EUR/GBP has eroded its 5-month downtrend and they will head to the side lines as they suspect that they will see further near-term strength. 'The break higher has introduced scope to the Fibo resistance and the recent high at 0.8852/53. 'We assume that .8852/53 is a short-term top for the market. Very near term we note 13 counts on the 60 and 240-minute charts and will attempt small shorts very near term.'
Anggota Sejak Nov 21, 2011
1718 pos
Mar 07, 2017 at 08:00
Anggota Sejak Nov 21, 2011
1718 pos
@mlawson71 Well, That's because double top/bottom must be checked on daily timeframe.
Now, market is about to close around 0.8650 level as expected
I entered Long... hopefully I can add trades later on.
Notice that 92% traders are short.... Better to be on the opposite side with current wind on the back.
Now, market is about to close around 0.8650 level as expected
I entered Long... hopefully I can add trades later on.
Notice that 92% traders are short.... Better to be on the opposite side with current wind on the back.
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