FullTimeTrader
Long

EURGBP-a nice example of exaggerated divergence

FX:EURGBP   Euro Fx/British Pound
439 12 4
This idea is based on D1 chart:
snapshot


We have a classical bullish exaggerated divergence on main pivot point .

Looking at H4 chart the price is already reacting to the zone. We see an AB=CD pattern also.
This could be the beginning of a rally towards last highs.

best regards
This should be a clear short now? I am betting it would make a double bottom!
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FullTimeTrader MuathAlBulbul
yes, we could change the bias to short.... nothing new from the ECB meeting today.....
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MuathAlBulbul FullTimeTrader
If it breaks the 0.7150 support it's going all the way down.
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MuathAlBulbul FullTimeTrader
Also, what are your views on USDCAD?
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FullTimeTrader MuathAlBulbul
My main bias an all USD pairs is bearish (USDJPY, USDINDEX, USDCAD). The USDCAD is clearly loosing momentum but now is touching a key support. Most probably this support will break to the donwside... i will try to enter there......
snapshot
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MuathAlBulbul FullTimeTrader
Should we short USDCAD now?
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FullTimeTrader MuathAlBulbul
yes you can do it
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i see EURGBP 8h bullish engulfing,
I want see long here!

EURGBP
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hello, a candle pattern is not enough to enter a trade, we must have many reasons. We must first take a look a higher timeframes also, i see a double top, the price is now bouncing from the base
snapshot
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DouglasHarrison FullTimeTrader
Yes I agree, it is also at the 50 % Fib, still it is not enough. ""What is the dollar doing. "" We should also look at the dollar. "" Then what is the sentiment. So yes I agree with you. We should watch for a trend to form. " No trend , No idea which way."
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nappenbir FullTimeTrader
ok i waiting daily light!
and i see also monthly is Doji and RSI is buying!!
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