EUR/GBP

Eur/Gbp short ,this pair has been doing some random moves lately ,heavily news dependant for now, UK inflation higher ,less spending in the high streets in the retail sector, I am more focused on eur/usd trade for now.

snapdragon1970 posted:
Eur/Gbp short ,this pair has been doing some random moves lately ,heavily news dependant for now, UK inflation higher ,less spending in the high streets in the retail sector, I am more focused on eur/usd trade for now.

The range is getting tighter and tighter, there should be a breakout and a big move soon.

I'm keeping an eye on the daily chart, still looking negative for eur/gbp down to 8500.

Getting close to our target ,I will close this short at 4.30 unless I see some interesting move.

I think next week it will fall back to 0.8400 but I decided not to short before the holidays.

Trading EUR/USD long ,waiting for pound to bottom then I will look for a good entry point.

I am waiting for the same, it's still a little too early for a long right now but it has to start retracing sooner or later.

I took a long off 83527 my stop loss is at 83412 ,I think it will close the gap down of yesterday, why did I make this trade, two reasons, first since the spike down yesterday it has been pretty flat, today we are seeing more swings from the MA which we are slightly above now which is a positive, this does slightly tip the odds in favour of Long positions for now.

Eur/Gbp is moving up slowly, making an attempt to break 084, my stop loss is at 83877 first target is 84500.

I haven't opened any positions yet, it's consolidating and I don't see any good signals.

We got a sell off from 11am now moving either side of 83620, no strong signal yet ,slight move higher on the negative gbp retail earlier, we might get some direction at 1.30.

https://twitter.com/i/web/status/855353015641014272

Not much excitement on the close on eur/gbp , I set up two trades in opposite direction for the open ,small risk ,close on any gap up or down.

https://news.forexlive.com/!/cftc-commitments-of-traders-yen-shorts-at-the-smallest-since-december-20170421

I am waiting to break the major support .83326, price action already broke the higher low trendline as you can see. Next target would be .81165 which is acting as another support.
On the other hand, a break above recent minor resistant .84019 would open door towards .86262 or even higher to the lower high trendline.

Don’t forget any surprise from French Election could be the reason for a marget gap.
(Important: My chart and prices are from FCA Tickmill, your broker might have a little different price)

LePen is through to the 2nd round with Macron, that should be negative for the Euro.

Pre market 085 , 45mins to wait till I'm in profit .

snapdragon1970 posted:
Pre market 085 , 45mins to wait till I'm in profit .

Good call. Rally still intact.

Eur/usd breaking out ,expect a retest of 085 on eur/gbp