BUY ABOVE 0.89405
TP@ 0.9000
EUR/GBP Retails again on the short side...
Retail trader data shows 18.8% of traders are net-long with the ratio of traders short to long at 4.32 to 1. The number of traders net-short is 2.2% higher than yesterday and 3.3% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURGBP prices may continue to rise.
Be careful on this as fundamentals are against this trade because both EUR and GBP are fundamentally weak right now, what you can exploit tho is the run above the highs to stop hunt all the shorts (as noted in the chart above)
TP@ 0.9000
EUR/GBP Retails again on the short side...
Retail trader data shows 18.8% of traders are net-long with the ratio of traders short to long at 4.32 to 1. The number of traders net-short is 2.2% higher than yesterday and 3.3% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURGBP prices may continue to rise.
Be careful on this as fundamentals are against this trade because both EUR and GBP are fundamentally weak right now, what you can exploit tho is the run above the highs to stop hunt all the shorts (as noted in the chart above)
Trade active
Comment:
this is big move cutch it
Trade active:
NEW BUY SIGNAL......H1 CHART
After a breakout, old resistance levels should act as new support and old .... Breakouts are used by some traders to signal a buying or selling opportunity
After a breakout, old resistance levels should act as new support and old .... Breakouts are used by some traders to signal a buying or selling opportunity
Comment:
AFTER REACHING TP1 LEVEL..
THE NEXT TARGET WILL BE 0.91000
THE NEXT TARGET WILL BE 0.91000
Trade closed manually
Comment:
PRICE ACTION MOVING SLOWLY TRADE CLOSED
Comment:
I CLOSE THE TRADE +44 PIPS. BUT THE PRICE WILL CONTINUE TO RISE TO 0.90000 AND 0.91000.
Trade closed: target reached:
PRICE HIT TP
Trade closed: target reached