EURGBP Short

sebking1986

Active member
206 69
The interest rate news really helped this trade. I think it may struggle to reach TP2 area though unless a news driver sends it that way.
 

colinlewis

Junior member
10 2
so#rry today bro don't think this one will rally that far just yet. The pair is setting up to break sometime this month on the daily chart, but not this time around.
 

RachelFX

Active member
100 27
I do not see EURGBP getting that high, the recent support looks like a LL and on the daily, I think price will react off the EMA 50 giving a nice LH befor continuing down.
 

Jungletrader

Member
87 12
Lovely setup keeping an eye on this already well up with the previous trade.
 

bax699

Well-known member
472 101
Good evening all, markets open again tonight so a quick check back on our EURGBP trade. This moment in my style of trading is probably the most important, as we bought a potential reversal the high of our peak at 170 pips needs to be the higher high and we need to be making the higher low here. We are trading above the EMA and have the confluence of the trend line also, so as I said its the deciding factor for continuation. Currently just over 100 pips in profit so you can either close some of your position or keep it fully open but move your SL into profits as I did. Hope everyone has a good week. GLIYF
Screenshot_1.png
 

bax699

Well-known member
472 101
Good morning all, wow hasn't the EUR fallen hard recently. Our buy position on EURGBP tanked hard over the past few days and took out our SL which was moved into profit's, not bad still 1:4 almost R:R. That is why we secure along the way when we trade for these eventualities. But what is next, well we still find price sitting in this big fat demand zone . Check the range on the weekly as we can see we just keep bouncing from this weekly demand zone which is strong. So I will continue to look for longs until price breaks this demand zone . If price does break then we are looking at a big drop of 500 pips ish to the next zone. If not and price finds support look for reversal candles and be ready to buy again. GLIYF
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pezza55

Member
56 16
EURGBP has been bending me over lately, was looking for the current low to break structure and break to the upside but at the moment it jus has a small retrace and continues to fall will be waiting for the daily high to be taken before i look to buy this pair again
 

sharabela

Member
52 10
The price made a strong bearish move and traveled a long way. It has been in consolidation. The level of 0.84300 may play a vital role here. The price had a strong bounce earlier at the level. If it works as a resistance and produces a bearish reversal candle the sellers may go short below the last swing low. On the other hand, I am going to wait for a Double Bottom to go long in the pair.
 

bax699

Well-known member
472 101
Good evening all, last time out on EURGBP we got stopped out in profit with the tank through the trend line . Price yet again found itself at the big demand zone . I said last time if support was found here again I would be buying. That is what I saw. The 3 daily candles virtually the same size were formed, clearly showing the battle between sellers and buyers. Then we got the Doji candle deep in the demand zone which was my signal to buy. If you follow me for long enough you will know they are my signals to buy from. The battle is still not won from, the bulls yet as we got a bullish candle but with a big wick to the top, with a visit to entry again. Currently sitting in 30 pips profit so far but watching to see what happens here. Hope you saw what i did and joined me, I will update again with any significant change. GLIYF
Screenshot_1.png
 

DT5

Active member
122 20
Tough spot. I think it will fall back down as the EU are suffering from Covid lockdowns again whereas I think GB will avoid this situation
 
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Jim B

Junior member
21 2
This looks to me that it’s just going to continue trending down. Think I’m going to be shorting this pair this week.
 
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