EURGBP - Updated analysis on sell opportunities
So the
EURGBP
pair dropped as expected, and we're in the sell from the top. In the beginning of the week however, all euro pairs had a somewhat impulsive upward movement, which some of us expected and some did not. Going back to the technical analysis on this pair, we are still expecting a big move to the downside, all the way to the 0.8054 area (yes, that's right), part of a bigger correction. The point is that this big move to the downside has yet to start and this is what the chart seems to be telling us at the moment. On the 60min timeframe in fact, the pair reversed with an impulsive movement to the upside, followed by what seems now to be a small correction: if this is the case, the upward movement will continue and will go all the way up to test the -0.27 of the last major movement on the daily.
We are already in the sell, so we will keep positions in break even and eventually we will re-sell from the 0.899 area.
Watch this closely.
Trade with care and only with a backtested strategy. Please don’t forget to like us if you feel that our analyses and views may be a useful complement to your trading strategies.
EURGBP
pair dropped as expected, and we're in the sell from the top. In the beginning of the week however, all euro pairs had a somewhat impulsive upward movement, which some of us expected and some did not. Going back to the technical analysis on this pair, we are still expecting a big move to the downside, all the way to the 0.8054 area (yes, that's right), part of a bigger correction. The point is that this big move to the downside has yet to start and this is what the chart seems to be telling us at the moment. On the 60min timeframe in fact, the pair reversed with an impulsive movement to the upside, followed by what seems now to be a small correction: if this is the case, the upward movement will continue and will go all the way up to test the -0.27 of the last major movement on the daily. We are already in the sell, so we will keep positions in break even and eventually we will re-sell from the 0.899 area.
Watch this closely.
Trade with care and only with a backtested strategy. Please don’t forget to like us if you feel that our analyses and views may be a useful complement to your trading strategies.
Comment:
Trade active, again.
Comment:
At the very top and all the way to the -0.27, as expected.
Should not climb further - downside should commence right about now.
Should not climb further - downside should commence right about now.
Comment:
