FX:EURGBP   Euro / British Pound
174 1 11
- Ichimoku setup is bullish , will be bullish until price stays above Kijun and Senkou B. However price got too far above Kijun Sen.
- Heikin-Ashi last week already signalled loss of momentum. This week we had a massive follow through. Price dips below Tenkan, which has not happened so far in 2016! This is a big difference compared to first week of March. Price also hits SAR             .

- Ichimoku setup changed to neutral: Kumo shades price, weak bearish Tenkan/Kijun cross and price is below Kijun.
- Price reached second support at spot Kumo and 100WMA. Kumo is thick below, and should it be penetrated next week, I doubt price will drop through immediately.
- Heikin-Ashi is firm bearish , with haDelta below zero line.
- EWO             is just turning bearish .

I think any spike to Tenkan and Kijun ard             0,7900 is a zone where we have to look for high probability sell setups!
In case it collapses down to 0,77 or below, then we'll have to wait for a spike to 0,78+ to sell. Anyhow, it is important to sell spikes, as the downside given by weekly chart can be limited ard             0,75+, especially as Brexit vote date is getting closer.

Honestly I was so much focused on GBPUSD             (which is also improving bullish ) that I completely forgot to check EURGBP             .
I hope market gives a chance for an entry next week.
I favored gbpchf long over eurgbp short since eurchf is in an uptrend. (went long 3 days ago)

That being said, I'm tempted to short this one too, waiting to get in.
English (UK)
English (IN)
Bahasa Indonesia
Bahasa Melayu
Tiếng Việt
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out