EURGBP TARGET ZONE: SELL FOR PROFIT TOO RISKY TO BUY

THE EURGBP IS BY PRODUCTS OF EURUSD AND USDGBP. THE EURUSD IS BEING STERILIZED FROM 1.2000 TO 1.1200 BY THE FED AND ECB (DOWNWARD) AND THE GBPUSD IS BEING MOVED FROM LOWER TO UPPER MEDIUM TERM (UPWARD) AND THEIR TARGET ZONES DIFFERENTIAL REPRESENTS THE EURGBP TARGET ZONE.

THE ECB AND BOE AGREED TO LIMIT AND MANAGE THE 0.9300 UPPER MEDIUM TERM BAND FOR EURGBP. BASED ON MONETARY POLICY, THE ESTIMATED LOWER MEDIUM TERM AT 0.7850 AND CENTRAL PARITY AT 0.8550.

THE CURRENT SHORT AT 0.9300 WITH STOP LOSS AT 0.9450 (ABOVE THE UPPER BAND) TO TARGET 0.8550 AND 0.7850 IS PROFITABLE TO HOLD. AND, HIGH FREQUENCY SHORT TRADE ALSO VERY PROFITABLE BY CONSISTENTLY TO MANAGE THE STOP LOSS AT 0.9450 WITH THE FOLLOWING TRADES:

SHORT AT DAILY HIGH TO TARGET DAILY LOW BY USING TECHNICAL CHARTS
SHORT AT WEEKLY HIGH TO TARGET WEEKLY LOW BY USING TECHNICAL CHARTS
SHORT AT MONTHLY HIGH TO TARGET MONTHLY LOW BY USING TECHNICAL CHARTS
SHORT AT QUARTERLY HIGH TO TARGET QUARTERLY LOW BY USING TECHNICAL CHARTS

Comment:

Comment:

DEEP PRESSURE AND HIGH PROFITABILITY

Comment:

EURGBP CONSISTENT WITH THE PROJECTION WITH DEEP PRESSURE AND HIGH PROFITABILITY.

Comment:

OVER 400 PIPS AND STILL UNDERWAY MORE

Comment:

THE FOLLOWING TRADE:

THE CURRENT SHORT AT 0.9300 WITH STOP LOSS AT 0.9450 (ABOVE THE UPPER BAND) TO TARGET 0.8550 AND 0.7850 IS PROFITABLE TO HOLD

GOOD TO CLOSE AT 0.8750 FOR 550 PIPS PROFIT. SHORT COULD BE REPEATED LATER.