I've been saying it since 2015. The Euro is garbage, period. It's Monopoly Money at best. Swap your Euros for GBP or CHF. Both will gain relative to every other currency (or remain stable, respectively). This should tell you what's in store with the upcoming Brexit (no?) deal, and later down the line probably much worse news such as more EU members leaving the...
We had a lot of fun riding this explosive short squeeze. But this may be the perfect bull trap. The sentiment among short term traders is very bullish. Also, recognize the perfect shoulder head shoulder formation, this is too good to be true. We may go a litte higher, but according to our wave scenario, there is one more massive downwave missing. This selling...
Scenario for GBP/EUR swingtrade. Look at the found patterns, see for yourself. Happy trading!
Two chart patterns are in play right now for FX_IDC:GBPEUR on a long term scale. First of all, GBPEUR is breaking out from triangle, with target at around 0.98. And further there is an option that GBPEUR is forming head &shoulders pattern. H&S would be confirmed, if currency pair breaks neckline around 1, then pound may drop as far as to 0.75-0.80 region. As...
Previous analysis: Anyone willing to do a long term trade on EURGPB, now is the time. small confirmation of a possible bull trap move. Been watching it for weeks now, didn't dare to really short it earlier because it simply didnt want to drop . Drew the blue line 2/3 weeks ago, assuming they might do a final shake out. Well, maybe this is it now. It should not...
Key level support is the only thing I see that may tell that a short-time reversal may occur. Most overall indications are still bearish on all the time frames. Last news is old news and is bad news because of the Brexit. Recession fear in all cases of a Brexit.
Anyone willing to do a long term trade on EURGPB, now is the time. small confirmation of a possible bull trap move. Been watching it for weeks now, didn't dare to really short it earlier because it simply didnt want to drop. Drew the blue line 2/3 weeks ago, assuming they might do a final shake out. Well, maybe this is it now. It should not get above the high...
GBP looking set for more down even after falling for 10 weeks. Risk of ego driven no-deal Brexit will be calculated this week. Parity with Euro is very close. Boris Johnson Is likely to be elected the new Prime Minister of Britain by an aged and unrepresentative 0.2% of the population. Brexit cannot be achieved through normal parliamentary democracy - and so...
If I die, I die... lol Prices has come to the illusive 0.9000 region, multiple rejection wicks on the 4hr and daily. Market made a drive to 0.90 and rejected, we are looking for a daily close to confirm a false break and the potential to reverse to the downside. This is going to be a long (How ironic) one, prepare your swaps and commission. Remember your risk...
The negativity surrounding the GBP has already been priced in and it appears that it's bottoming out. I have set up a long position and stop with a 1.21 risk/reward ratio.
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EURGBP made a huge pump past weeks so it looks like we might have reached the point for a correction now. If we break the green in the middle, i will give it a try. The red in the middle should not be crossed anymore. The green on the right can become a big support, so if that breaks it could drop even more. Previous analysis: