Euro / British Pound
Updated

EUR/GBP Simple Trading Plans, Technical/Fundamental Analysis

213
EUR/GBP has ranged for a significant period of time between 0.935 and 0.835, measured with an avg high/low.

Historically for this period there has been no enormously outlying difference between the demand for either currency, hence this range.

Going forward, we can use these areas and our knowledge of current sentiment to judge future entries.

This must include both a technical and sentiment bias approach.
Note
Light Short Areas Approaching.
Note
Out of shorts, Longs taken.
Note
Holding longs on this current impulse move.
Note
Exit longs for gains. Very nice early short zone.

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.