The most perfect entry in short: Euro/Sterling Pound
I'm happy to identify anohter perfect entry in short for Euro/Sterling Pound. And it's in H1 timeframe, it's a 2nd entry in short wiht objective to find down 130 pips and another 160 pips itssequal near of 300 pips if you operate with 0.01 lots, but in my case as I was earning, I operate with 0.02 lots. This is a huge signal to short position in this par
Now, in H1 timeframe we have a Bullish Butterfly, but not bullish in H1 timeframe, because the price is arrive at 0.50% of Fibonacci to entry in short position in this armonic patterns.
Also, I make a break even in my first operation to 0 pips, I do not loss and not earn, but 0 pips is without earns and without loss, to proteted my position and open up my second position in this par in short
Well, this is a good singal to making a short
But if you see the H4 timeframe, we are making a pull back in this timeframe, and the objective is so bearish, so in the next par I will going with 44 pips in profit in this par in my first operation with near of $10 USD earning in my first operation operate 0.02 lots
As we look in EUR/USD, the par EUR/GBP is bearish too, all pars in EUR we could to found out in sell about the surgement of the US Dollar,
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Now, I share with you my fundamentals of this par and what we see:
1. GBP/EUR exchange rate forecast: Sobering GDP figures to drive collapse in the pound?
2. GBP/EUR exchange rate muted ahead of key GDP release
3. Grim UK GDP figures to reverse pound in the recent rally soon
4. While te pound has found room to a recent weeks, there is a major risk of Sterling relianishing a good portion of these gains this week on the back of some sobering GDP estimate for the second quarter will report that the UK economy suffered a record contraction, with growth shrinkg over 20% and plumging the country into a deep recession
5. The UK dramatic slump in comparasion with its perer looks to have driven by the government delayed lockdown announcement, which in turn have led to a later lifting of restrictions and reopening economy in UK.
6. While of that, Bank of England recently ravised its growth forecast for 2020 up from -14% to -9.5% analysts believe there is limited chance for a V-shaped recovery, given that coronavirus risks still remain.
7. Garry Yound, deputy director of the National Institute of Economic and Social Research said that: "A rapid V-shaped recovery is a possible outcome still, but all the risks seem to be to the down side. If we get another wave of the virus and have to do more widespread lockdowns, that's going to know the economy off that V-path.
Well, in conclusion, we have bad as good news and we always need to monitored this par becuase the relationship between the United Kingdom and European Union is so go to hand to hand to trade their future of Europe. As this par is sensitive this par the only move is based the fundamentals, for now, the only expectative for short term waht we see is that GBP is cooming to strenghten agains the all par, specially in EUR/GBP.
Now, in H1 timeframe we have a Bullish Butterfly, but not bullish in H1 timeframe, because the price is arrive at 0.50% of Fibonacci to entry in short position in this armonic patterns.
Also, I make a break even in my first operation to 0 pips, I do not loss and not earn, but 0 pips is without earns and without loss, to proteted my position and open up my second position in this par in short
Well, this is a good singal to making a short
But if you see the H4 timeframe, we are making a pull back in this timeframe, and the objective is so bearish, so in the next par I will going with 44 pips in profit in this par in my first operation with near of $10 USD earning in my first operation operate 0.02 lots
As we look in EUR/USD, the par EUR/GBP is bearish too, all pars in EUR we could to found out in sell about the surgement of the US Dollar,
'
Now, I share with you my fundamentals of this par and what we see:
1. GBP/EUR exchange rate forecast: Sobering GDP figures to drive collapse in the pound?
2. GBP/EUR exchange rate muted ahead of key GDP release
3. Grim UK GDP figures to reverse pound in the recent rally soon
4. While te pound has found room to a recent weeks, there is a major risk of Sterling relianishing a good portion of these gains this week on the back of some sobering GDP estimate for the second quarter will report that the UK economy suffered a record contraction, with growth shrinkg over 20% and plumging the country into a deep recession
5. The UK dramatic slump in comparasion with its perer looks to have driven by the government delayed lockdown announcement, which in turn have led to a later lifting of restrictions and reopening economy in UK.
6. While of that, Bank of England recently ravised its growth forecast for 2020 up from -14% to -9.5% analysts believe there is limited chance for a V-shaped recovery, given that coronavirus risks still remain.
7. Garry Yound, deputy director of the National Institute of Economic and Social Research said that: "A rapid V-shaped recovery is a possible outcome still, but all the risks seem to be to the down side. If we get another wave of the virus and have to do more widespread lockdowns, that's going to know the economy off that V-path.
Well, in conclusion, we have bad as good news and we always need to monitored this par becuase the relationship between the United Kingdom and European Union is so go to hand to hand to trade their future of Europe. As this par is sensitive this par the only move is based the fundamentals, for now, the only expectative for short term waht we see is that GBP is cooming to strenghten agains the all par, specially in EUR/GBP.