FX:EURGBP   Euro Fx/British Pound
362 2 16
a month ago
EURGBP             seems like it is about to make another attempt to take out the previous high by means of an extension higher.
If you are not in the trade yet, wait for a consolidation and watch for a possible buy continuation trade once the consolidation is complete.

Updates will follow
a month ago
Comment:
snapshot
a month ago
Comment: My first buy got stopped out at break even (and a small profit to compensate for the swap).
However this morning we saw another buy opportunity which I traded. Once we break above the previous high of this week I have to adjust stop loss. This is due to the fact that we might see only a bullish correction within a bearish correction of larger degree.
snapshot

Updates will follow.
a month ago
Comment:
snapshot

I didn't take profit but only adjusted my stop loss. In my original post I wrote:
"seems like it is about to make another attempt to take out the previous high by means of an extension higher."
Today's impulse might present another buy opportunity once we see a consolidation of lesser degree.
a month ago
Comment: This pair is moving slowly higher and I think we might see another leg higher. The 15 min time frame shows a nice continuation pattern. I will be looking for a bullish break after this minor consolidation to add another buy to my long positions.
snapshot
a month ago
Comment: Arrows are indicative, I expect more bearish price action but let structure confirm that.
snapshot

Related Ideas

TimStuyts
AUDNZD update
TimStuyts about AUDNZD 1 a month ago
TimStuyts
GBPUSD update
TimStuyts about GBPUSD 1 a month ago
sakseeda007
a month ago
Thanks for sharing Tim.....Your chart is very clean and easy to understand...:)
+1 Reply
TimStuyts sakseeda007
a month ago
Thank you, I will update since we didn't see the bullish continuation and now we have another great trade opportunity for the short.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out