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VasilyTrader
Aug 15, 2019 7:14 AM

EURGBP SHORT Short

Euro Fx/British PoundFXCM

Description



short order went active 1 am gmt+3.

now I expect bearish continuation to lower structure levels.
T1 - 0.9185
T2 - 0.912
Stop - 0.93

Comment

Please, also check my recent analysis on GBPUSD

Trade closed: target reached

T1 reached

Comment

Bearish continuation
Market is going to the second target
Comments
hnoarang
congratz Mr Ponomarev, TP reached, both of them
CryptoBullet
stock market going through difficult time
Laurentbakiu
agree
VasilyTrader
Share your analysis on EURGBP here
Erland
Well spotted!

As mentioned on your previous analysis - we are in a bearish move but it will be painfully slow. Price came down 0.922 only today after UK sales report. Price is not going to drop at a fast rate although all UK data from the last few reports was good. The lowest we can go today is 0.9165 but 0.918 should stop the fall. It will take around 2 weeks (at least) before we can reach 0.905-0.895 levels as buyers are not giving up easily. So 0.912 level you have indicated is the one to aim for in the coming 3-5 sessions. And every rise should be taken as a sell offer. 1H and 4H charts are suggesting we should go back to 0.927 -0.925 level soon before a good drop down.
VasilyTrader
@Erland, yes, it may retest the broken level and even reach the higher resistance. good thoughts, my friend
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