Eur/Gbp

[Pat494]

sold @ 0.72004
S/L @ 0.72229
T/P @ 0.71626

 

[Pat494]

This is the 4 hour chart.

 

[Atilla]

This is the 4 hour chart.

Based on this pin-bar I would not sell the EG.

I notice you entered before the key UK-CPI news...

Were you expecting any particular news.

Now we have zer0 CPI UK interest rates not likely to rise imo. Doubt they'll rise anytime soon. Even in the US.

fwiw - EG more likely to rise imo.

 

[Pat494]

OOPS Stopped out.
You were right Atilla, I forgot to look at the calendar.
Hopefully a better call next time.

 

[FxJunkies]

EURGBP has had a fine run since the end of November and as the weekly chart shows, is approaching previous strong resistance, with a series of nice long wicks to the candles on the weekly chart shown in yellow. Ideally, I'd like to see it test those highs, then I'll be dropping down to a lower time frame to look for signs of a reversal, for a potential short this week.

 

[Pat494]

The price is currently right in the middle of the BB at M15 so could go either way.

 

[forker]

i would look for sell opportunities here

 

[Pat494]

Just had another look and I agree short term.

 

[arigoldman]

Short-term south i think.

 

[Lord Flasheart]

For what its worth I had eg as a straight down reversal day of Fridays highs. Also like forkers chart and am short eur/usd. I shorted eu earlier and had a good draw from it and have reshorted from the 1400 level

 

[dianajs]

I have a long on EUR/GBP, next target will be around 0.8100, I think.