EURGBP Thread

Good morning all, today's update is on the EURGBP buy trade currently open. As I mentioned in my last video overview I extended the SL on this pair, which has worked out well for us. Finally we have got our reaction that we wanted, price has managed to break that level that flipped. We got a rejection off the EMA but happy to see price close above. This is where we would like to see price collect some supporting orders for the next push upwards to get price making higher highs and higher low's, above the EMA . the GBP has taken a tumble recently so would be nice to see it continue for this trade. Due to the overall very bearish nature that EUR has been in I have moved SL to BE. Suggest you do the same if following, currently 50+ pips in profit, keep holding for now will update again end of the week. GLIYF
Screenshot_1.png
 
Interest rates are always a big factor with currencies (and everything else for that matter) and Bund was close to parity, backed off, made a 2nd attempt which so far has failed. While the Gilt has been even "stronger" relatively speaking
! Bund.png
.
 
EURGBP has hit its 4 hour target for me on the buy. going to be looking for the retrace down now to get back in for another buy position going in to next week. thanks for your charts keep them coming
 
Good morning all, sorry I haven't update the charts on EURGBP for a while as I have mainly been covering it on my video overview's. The previous position taken we achieved TP1 zone, then we got stopped out on our remaining position on the drop back. Fast forward to today and we find price sitting in our original entry zone again. As I have been saying if price holds above 0.83 I will look to buy this reversal. DXY has been bullish but that also sits in a supply zone so could possibly drop back. BUT the possibility of Russia news could pump safe havens including USD so its 50/50 at this stage. I will be watching today and tomorrow for some buying signs on this pair, if price holds this level then I will enter a buy. So keep watching closely for your possible entry. Will update again once we have some more decisive price action. GLIYF
Screenshot_1.png
 
Can't win them all. Not sure how the Russia situation will effect this pair if things turn bad but would imagine it would be slightly worse for EUR so a bit risky to buy here imo.
 
You must log in or register to reply here.
Back
Top