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Sascha_Gogolin Sascha_Gogolin EURGBP, 60, Short ,
EURGBP: EUR/GBP - Time for a correction?
18 0 1
EURGBP, 60 Short
EUR/GBP - Time for a correction?

The EUR/GBP has been on a strong bullish run during the last week. Yesterday was the first bearish daily close for 8 days and price looks a bit overextended to me. Lower time frames are indicating a shift in order flow as well if you look at the strong sell off, followed by a corrective structure. If this structure holds I expect price to drop to at least 0.86000.

Sascha_Gogolin Sascha_Gogolin GBPAUD, 240, Short ,
GBPAUD: Possible transition mid-term from bearish to bullish trend
47 0 2
GBPAUD, 240 Short
Possible transition mid-term from bearish to bullish trend

Short term - Short bias Long term - Overextension and possible transition/reversal Price looks a bit overextended on the weekly chart with a strong 2 bar reversal on the daily chart. Momentum on the other hand is still in favor of the bears so another sell at the measured move objective around 1.89000 is clearly justified as long as we stay underneath 1.90000 ...

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