EURGBP is tracing a nice uptrend in the daily. We have opportunity to join it at this juncture. If the trades on chart aren't filled, we will have to enter using either a lower timeframe or a new high, (I'd rather take lower timeframe entries honestly).
This is a good hedge against EURUSD short positions. At this point the Euro has minimal upside left, if any, vs the dollar, but the Pound is in a very weak position, so I'm comfortable fading it against most currencies. The other very weak currencies are the New Zealand and Australian dollar, so EURNZD is another nice long to consider.
Good luck if taking these entries. For more infomration on the shorter term timeframe entries here, or any of my services, contact me privately. I'm currently running a trading room, sharing signals via whatsapp and skype, as well as conducting coaching for serious traders who want to learn the methodologies I use, which were devised by Tim West 30 years ago, and proved to be very effective over time.
Cheers,
Ivan Labrie.
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Entry not filled but I think I'm right about trend continuation. I'll enter on a retracement after today's close.
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Pending orders updated, if we get the fill in London we can close half in profit and hold the rest.
Entry: 0,7729 and 0.771, stop 0.76909, close 50%/75%/100% (up to you) at 0.77672
Order cancelled
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Trade active
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Placed pendings again, was a mistake.
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Target hit, not filled though. Caution, it can retrace now.