EUR/GBP

As expected the trend won out,got some profit on the pull back,I'm short from 86712.expected weakness has taken over into London close.

Two price Alerts set this morning 86980 and 86850 at 11am ,what Id like to see is a break above 87 then I would think about going short more likely into a crossover or London close.

I think that a breakout above 0.8700 is quite possible, the pair is very bullish and still testing that level.

I was waiting to see a break above 87,at least 100 points to think about going short,I just missed 87150,short from 87123, later we have Bond buying at 2.50 and Mario at 3.Around 1.30 might be a good idea to keep an eye too.86600 would be a possible target to close out,depending on strength of sellers.

86090 looks like a possible entry point to go long,depending on strength of the moves.86140 looks like midpoint so far.

There is a spinning top candlestick above 0.8590 on the daily chart, I would say that it's bullish again.

EUR/GBP broke above the previous high 0.8724 and I have opened a long position.

I'm short from 87442,will be watching to see if it breaks 87380 last spike ,I was looking at the spread last night at the open 60 points.

Eur/Gbp has reached a equilibrium which will be the stronger currency to push it higher or lower,long term we should see weakness in the pound,UK data should be positive until article 50 is invoked,if free access to the single market is cut off ,data will be negative.

Just gone short at 88100 with tight stoploss,we could hit 90 soon if this continues

Not to offend you, but from a fundamental point short is the wrong wait to go for EUR/GBP. Posted a few days already about it: https://www.instagram.com/p/BKsk56LhaY_/?taken-by=x6taifun

There was a goverment speech at the weekend regarding brexit getting more serious, after that price made a huge gap upwards and since then didn't even have the bearpower to retest that gap. So, in my opinion, bull is the way to go ;)

We only taking shorts on extremes like this morning,stronger PMI as I said in an earlier post I expect stronger data from the UK until Article 50 is invoked so we will see pullbacks,but the overall view is bullish for the Euro for now.Obviously buying on the dips.
 

It might be time for shorts indeed, considering the shooting star candlestick on the four-hour time frame.

If you look at the 1 hour Eur/Usd euro still looks bullish and Gbp/Usd the pound is weaker,that suggests to me euro is still bullish.Mlawson71 is right just be careful because its a strong up trend.

Yes the trend is very strong, however you might be right if you look at the 4h you can clearly see the price decumulatiing, and if price closes as doji a short pullback might occur.

Possible bounce off 87900 here as we sail into US open

x6taifun posted:
Not to offend you, but from a fundamental point short is the wrong wait to go for EUR/GBP. Posted a few days already about it: https://www.instagram.com/p/BKsk56LhaY_/?taken-by=x6taifun

There was a goverment speech at the weekend regarding brexit getting more serious, after that price made a huge gap upwards and since then didn't even have the bearpower to retest that gap. So, in my opinion, bull is the way to go ;)

I took a look at your instagram post ,those % stats are useful for trading in the opposite direction of retail if there is a considerable difference,which there is in this case.I use it myself and I'm not the only one who does.:)One other thing you might have noticed is May has got a bit more dovish since announcing the exit date,knowing that there will be no cherry picking.

87900 got knocked out ,87820 is the next play off coming into US lunch time we might get a swing up,might get a push around 6.45-7pm GMT.

Held this buy position over night,starting to make a break higher 88 was just broke,looking stable on the 1hr &4hr ,will be keeping a close eye around 11.