Art-of-FX
Short

EURGBP More in depth short explanation

FX:EURGBP   Euro / British Pound
36 0 6
I posted a simple EG chart the other day calling short but I didnt really have much time to explain it. However today settled down a little bit so I thought I would come back and explain more of what I was seeing. Here are my factors.

-Price came right off the .764 of the last major decline.
-Printed bearish monthly candle
-Next candle printed also bearish monthly candle
-price retraced and printed another bearish monthly candle off the .618
-that same candle retested the bottom of the first bearish monthly candle off the .764

I assume the pound gets much stronger against the EURO             long term.
That is just an assumption though, so we will just play the charts as they give us setups.

THIS IS A MONTHLY CHART = LONG TERM
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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