captain_smollett
Short

EURGBP. On a reversal point

FX:EURGBP   Euro Fx/British Pound
28 1 4
7 months ago
EURGBP             pair has arrived to a critical level once again: historically. 0.77 has been a turnaround point.

This time the outcome is not as clear as on previous times: despite being a strong reversal point, the pair has been in a downtrend since almost seven years ago. On another side, Brexit, although lost some fuel, is still there and closer we get to the Referendum date, higher will be the volatility on all GBP pairs.

My view is that. if next weekly candle closes below 0.77 area, will short the pair, targeting 0.63. Otherwise, it may again pop to 0.80-0.82.
7 months ago
Comment: Arriving to a reversal point. If passed and secured, this is a good selling option for me (chart below)
4 months ago
Comment: 0.809 looks like a very good level for buying, targeting 0.91-0.95
2 months ago
Comment: And here we are: 0.90 looks really close now
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out