EUR/GBP

Over extended in my view. Best to wait for NFP

Managed to pick up some pips on this trade,looks like a range bound trade for now,best to wait for another re test to confirm, NFP will effect euro but more so against USD, end of month so be careful.

It looks like the upward movement is exhausted and a more long-term drop is about to begin.

Ill have a look at the data and sentiment today on Lexs monthly update.

Euro still bullish against GBP,slightly less though, USD is one to watch looking stronger, CAD leading the way and Yen picking up pace,this info is not much use when North Korea are firing off missiles and Trump looking at cutting ties with countries that support it,lets hope we can trade on Monday morning.

If it breaks out below 0.9150 it may drop to 0.9000, I think. Apart from that, I agree that the trend is still bullish.

Nice trade on Eur/GBP this morning 34 pips from 91732, could be awhile before we see 0.90 again.

Looks the price may test again 0.9147/50 as the bearish sentiment prevails.
 

BaldoN posted:
Looks the price may test again 0.9147/50 as the bearish sentiment prevails.
 

I agree. I think it may possibly break out below that level too.

Some sell off earlier,good buying dip some profit on the long side so far.

I am a new, currently I’m learning about EURUSD. So, far on demo account , I always make s good profit so this week I decided to try on real account , unfortunately the result is bad . Hoping someone can give me tips.

snapdragon1970 posted:
Some sell off earlier,good buying dip some profit on the long side so far.

Good point. The overall bullish trend isn't over despite the correction. I'll open a new long once it ends.

Mohammadi posted:
I am a new, currently I’m learning about EURUSD. So, far on demo account , I always make s good profit so this week I decided to try on real account , unfortunately the result is bad . Hoping someone can give me tips.

Start with the minimum amount of risk with high probability of reward

Eur/gbp made a right spike down at 22HR gmt ,I've made a buy on low risk

I am long too now with a tight stop loss. Looking for good RR on this trade

If 91700 holds we should see more buyers coming in

I don't think the correction will end before the pair reaches the support at 0.9070.

Eur longs highest since May 2011 as of Friday,GBP up 2k shorts on the week ,still going the direction of sentiment.

Check out the Weekly chart for eurgbp. The weekly resistance around the 0.90000 area has yet to be tested as support. On the daily chart there is a clear level just above this area which is about 50% of the recent leg higher. This is a level I will be looking to exit shorts and potential try to enter long. Basically, I think there is still about another 100 pips of downside before looking for signs that we will bounce.