BUY ABOVE 0.89405
TP@ 0.9000
EUR/GBP Retails again on the short side...
Retail trader data shows 18.8% of traders are net-long with the ratio of traders short to long at 4.32 to 1. The number of traders net-short is 2.2% higher than yesterday and 3.3% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURGBP prices may continue to rise.
Be careful on this as fundamentals are against this trade because both EUR and GBP are fundamentally weak right now, what you can exploit tho is the run above the highs to stop hunt all the shorts (as noted in the chart above)
TP@ 0.9000
EUR/GBP Retails again on the short side...
Retail trader data shows 18.8% of traders are net-long with the ratio of traders short to long at 4.32 to 1. The number of traders net-short is 2.2% higher than yesterday and 3.3% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURGBP prices may continue to rise.
Be careful on this as fundamentals are against this trade because both EUR and GBP are fundamentally weak right now, what you can exploit tho is the run above the highs to stop hunt all the shorts (as noted in the chart above)
Trade active
Note
this is big move cutch itTrade active
NEW BUY SIGNAL......H1 CHARTAfter a breakout, old resistance levels should act as new support and old .... Breakouts are used by some traders to signal a buying or selling opportunity
Note
AFTER REACHING TP1 LEVEL.. THE NEXT TARGET WILL BE 0.91000
Trade closed manually
Note
PRICE ACTION MOVING SLOWLY TRADE CLOSEDNote
I CLOSE THE TRADE +44 PIPS. BUT THE PRICE WILL CONTINUE TO RISE TO 0.90000 AND 0.91000.Trade closed: target reached
PRICE HIT TPTrade closed: target reached
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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.