This pair is running into major resistance here, in an area of heavy confluence.
This is the end of a corrective rally, in which all Euro pairs participated, off of their recent, major lows. (Mostly due to a, yet again, market wide delusion that the EU will have to tighten ("at least!") 375 basis points... When in reality, as the latest data illustrates, the EU couldn't even climb out of its decade long deflationary spiral despite a massive, war/sanctions - and categorically, self - induced inflationary spike.)
Also, the EUR/GBP showing every sign of a top here, consequently, this pair makes an even stronger case for this Short than it's cousin's, the GBP/CAD.
This pair is on the verge of a cliff with no technical support under the current levels, i.e., for the next -550 pips. Which makes it the obvious Short Target.
Note; This has been stated time and again that these CAD pair shorts, while the case is strong, remain inferior to their USD cousins.
The EUR/GBP picture
This is the end of a corrective rally, in which all Euro pairs participated, off of their recent, major lows. (Mostly due to a, yet again, market wide delusion that the EU will have to tighten ("at least!") 375 basis points... When in reality, as the latest data illustrates, the EU couldn't even climb out of its decade long deflationary spiral despite a massive, war/sanctions - and categorically, self - induced inflationary spike.)
Also, the EUR/GBP showing every sign of a top here, consequently, this pair makes an even stronger case for this Short than it's cousin's, the GBP/CAD.
This pair is on the verge of a cliff with no technical support under the current levels, i.e., for the next -550 pips. Which makes it the obvious Short Target.
Note; This has been stated time and again that these CAD pair shorts, while the case is strong, remain inferior to their USD cousins.
The EUR/GBP picture
Trade active
Should be Short here!Note
Note
Trade active
If anything, this is a Long here!Note
This pattern is likely to complete ...... on tomorrow's unemployment data! - E.g. Wait for it!!
Note
Looks like ...... this is about to turn down, here.
- Which is just one more reason to switch to All CAD base currency Pairs -> Short[b/] and with a CAD/JPY Long focus.
Note
This is the one to watch!!Looking for the completion of that major pattern, to go SHORT.
This will be a long(er) term trade, looking for 1000+ pips.
Here is the full picture;
Trade active
This is a ...LONG here now!
Trade closed: target reached
FLAT, for now.Loaded up something fierce for this 100 pips but it's time to bail as we're looking to turn around here, soon, for a massive Short! (Not yet, though.)
We are entering that huge daily cypher's PRZ here, i.e., only Short Bias, after this point!
Trade active
This should be coming down hard! - For now.SORT
Note
A good place ...... to add to those SHORTs!
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One may want to be careful here!
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This one is headed home ...... For good! massive SHORT!
Trade closed: target reached
FLAT - for now.
Note
Trade active
As I was saying ... SHORT
Note
Trade active
Get ready to go LONG
Trade active
This is good here for about 250 pips;SELL SHORT
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.