Looks like we’ve reached the trendline so it’s a buy next I would say?
That confirmation i`ve been waiting for.
Good morning all, Just before the Xmas holidays we sat in a buy position on EURGBP we peaked out at 200 pips but failed to reach the tp2 zone. Never the less we got stopped out in profit as we saw price fall back down. Now we find ourselves as the strong demand zone once more. For which I am looking to see support form for us to buy from again. We do still seem to be falling gradually over time so we will either catch the strong reversal, or we will see price tank through the demand, only then will I start looking for sells. Should be an easy trade to take this one. GLIYF
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The price seems to be bearish since the last move produced several bearish candles. The price has had a bounce at the horizontal support and produced a bullish reversal candle. It may make a bullish correction from here. The sellers may wait for the price to produce a bearish reversal candle to go short in the pair.
Hasn’t moved much in the past week. I think it will fall to the downside
Good morning all, ending the trading week reporting on a SL hit on EURGBP . In hindsight it was a risky trade, as our other trade on GJ has hit the TP zone. But that’s why risk management is key. It seems GBP is on a very strong run at the moment. For that reason I am now going to wait to see what happens here at this critical stage, we’re at a monthly demand zone so if we manage to break below then there may be more bearish action to come. If it reverses then we will look to get in on a re test. Will update again next week once we have some more movement. Haver a good weekend GLIYF
I must appreciate that you have shared your losing trade as well, which is not usually shared by analysts. Thanks for that. Look forward to getting your next trade setup in this pair. The pair may take some time to find its next direction as far as I am concerned.
GBP pairs could do a bit of a roller coaster ride over the next few weeks if Boris keeps digging holes for himself to fall into. I’m staying out of them till the dust settles…
Good morning all, last time out on EURGBP price took out my SL. But I have entered a buy again, as I believe in this demand zone and that we will get a reaction from here. Looks to me like a bottom has been formed so I bought at the bottom of this channel. not expecting a full massive reversal, but at least a nice pullback to the supply zone above. Still good R:R of 1:15 with the tight stop loss, that’s why its appealing and why I have taken it from here. If we don’t trade what we believe to potentially happen then what’s the point in trading. Easy setup to take GLIYF
The price seems to have found its support. Since it has been bearish for a some days, thus, it may take some time to go towards the upside. I think it would be safer option if we wait for a Double Bottom here.
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
i bought eur gbp yesterday snagged 60 pips
Nice when you have risk free trades and you can just enjoy the watch…
Clever move with the SL.
Looks like it turned around to entry, but we are still in the channel so far…
Any update here?
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
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It is a strong support zone. I am going to go long from the zone as well. Your risk-reward looks excellent. However, I may set my take profit around the last swing high. Thanks a lot for sharing the chart.
I’d want to see a move to the upside before buying here
This pair has been bearish for quite a while now I’ve just been getting periodic sells in when I get the chance. With the news the way it is at the moment how do see this pair fairing ?