Currently got a buy position in gbpusd at the moment, hoping to get a small profit on it soon.
EURCHF
This is exactly why I don’t trade begin trading until after the new trend has established, it looks as though the big boys are hunting although I don’t believe it’s sustainable. I think this will end up being a classic takeout and catch a lot of traders out. If it’s not then I will be ready to trade the downward momentum but right now my suspicions are that price will return to above 1.08380 in due time.
I would tend to agree with this sentiment, I am looking for EURCHF to break above 1.08629 level and retest to go long on this pair/
Its showing true to your analysis currently, is there a certain thing you are looking for to create your sell entry?
I think long term down too
Excellent mark up chart just watching for now not touching GBP pairs
All we can do is trade what we see right!
Yes I look for consistent lower lows and lower highs, this way you miss some of the move but you lessen the risk generally in my experience.
Same I can’t see the bear hanginging in much longer
WOW that thread is getting more and more interesting.
GBPUSD
Last week I established that this pair was going to reverse and I was waiting for more clear signs of an entry. 1.29800 is an important level psychologically and shows the neckline of a debatable double top, the election news forced the larger unsustainable high and a break of 1.29800 should see a significant move down. Observe price action surrounding this level.
Been bouncing around 1.298 all day, just don’t know when to dive in…
EURCHF
This pair is currently headed for an all time low price which is fantastic news for those swing traders among us. I for one will be looking for slowing momentum and average changes in long term fundamental data for a low risk long term buy in this pair. This opportunity may begin to present itself over the next few weeks but it is not one to be missed. Last week I really couldn’t see this pair falling further but it continued to despite popular belief. Eyes open now for reversals and a very long term buy.
Thankyou buddy
Was looking at this pair earlier, but very rarely trade it
Given how close we are to 31st January, I expect consistent uncertainty until then and then a break of of the 1.29800 level.
thanks for this, will keep an eye on it
yes i am long on gold at the moment.
where do you pull your data for analysis from mate?
yeah still not moved much