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Eur-gbp

EURGBP bounce over the 0.5 🦐EURGBP on the daily chart bounced over the 0.618 Fibonacci level before starting a new leg. On the 4 chart the price after the last minor impulse retraced back exactly at the 0.5 fib level. IF the market will break and close above the minor support we will set a nice long order according to Plancton's strategy. -––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
EURGBP Monthly/Weekly/Daily analysis 🦐EURGBP on the monthly chart is close to a very important level around 0.92300. On the weekly chart, we can see how price after the nice impulse bullish candle retraced back until the weekly support at 0.90500. ON the daily chart, price hit perfectly the 0.618 fib level at the end of the retracement move over a daily structure. IF the price during next week will break and close above the 0.91100 and consequently break the channel we will look for me test of the monthly resistance. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
6
Fractal failurePrice failed to complete a fractal on 2 weekly chart and is moving away from it. Things started to go wrong in July last year...something to do with Brexit and this "wrong bias" keeps going... We see accumulation above the failed fractal and price is likely to push higher making higher high. THIS IS NO TRADE SETUP BUT GENERAL OUTLOOK TO IDENTIFY LONG TERM BIAS. as many cant make sense of whats going on with this messy pair. Top Absolute Correlation 1 WEEK 1 EURGBP - GBPCHF -93.6% 2 EURGBP - EURCAD 90.3% 3 EURGBP - GBPSEK -88.5% 4 EURGBP - EURSGD 86.0% 5 EURGBP - XAUGBP 84.9% 6 EURGBP - CADCHF -83.9% 7 EURGBP - EURMXN 83.8% 8 EURGBP - CHFSGD 83.6% 9 EURGBP - NOKSEK -83.5% 10 EURGBP - USDRUB 82.4%
Long
by ICFX
A system for speculationThere are seven ways to improve the art of speculation. Latest cheatsheet: 1. 🔎 Find your price driver - build a macro argument based on probabilities How good is the quality of the price driver? If I look at the BOE and ECB, how wide is the divergence? We are looking for chalk and cheese, opposites attract. 2. 🖐 Execution is important - most get stopped out where they should enter The key to great execution is being able to assess market participation and price action. 3. 🛠 Start small and leverage winners - from one brick build a house Reverse engineer the retail blow ups! Start with a core unit, when it starts to pay, and the drivers are working, you can add some more. Treat it like a business! 4. ❓ Has anything changed - reassess trades everyday at the roll Don't think about the chart here, focus on the macro drivers. Are negative rates still in play for BOE? or have they changed their view on No-deal countermeasures? 5. ⛓ Remain nimble - do not get married to a position If we don't like what we see, if BOE turns hawkish, then we can just take the position off. Understand where is enough and admit where you are done. 6. 💫 Stay in the moment - perception matters more than reality If you can understand and outguess how perception will change, then you will be very profitable. Where's the sweet spot? How is the market positioned? 7. 😬 A life and death showdown - everyday is high noon in the markets Market participants are profoundly into the game. So much so that everything else in life seems unimportant. Threadneedle Street becomes the world as your opponent will keep trying to outmanoeuvre.
XEducation
by ridethepig
5
EURGBP at the test of the channel?🦐EURGBP is moving in a descending channel on the 4h chart. The price after touching the higher trendline broke below the weekly support creating a double top lower close on the daily chart. Currently, the price is holding the 0.90200 level. IF the price will go for a retest of the minor channel and give us a sign of inversion we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
10
The Euro’s latest gains have been pushed in the footsteps...The Euro’s latest gains have been pushed in the footsteps of the Yuan and on technical grounds to a degree as Eur/Usd eclipsed DMA resistance just below 1.1800 along with decent option expiries between 1.1790 and the round number on the way to 1.1840 and a minor new m-t-d high vs 1.1831 from October 9. 1.1850 is the obvious next upside objective, as Eur/Jpy eyes 125.00, but the single currency lost some momentum vs Sterling into 0.9150 having taken out similar recent tops ahead of the current October best (0.9162 on the 7th of the month) in wake reports that chief EU Brexit negotiator Barnier will return to London this Thursday. Conversely, the Kiwi continues to underperform, albeit off worst levels near 0.6650 on the back of dovish comments from RBNZ Governor Orr overnight (plenty of room to buy more bonds and will be revealed at next month’s policy meeting on QE plus other tools like the FLP). Moreover, Nzd/Usd awaits further developments following another COVID-19 outbreak in Christchurch and the pair looks technically weak having formed a head and shoulders pattern since the end of July. All firmer against the Greenback, as the DXY moves around 93.000 having slipped below last Friday’s 93.005 trough, largely due to the stronger Eur advances as the biggest component of the index. The Franc is now targeting 0.9050, Loonie 1.3100 and Pound has rebounded from a test of 1.2900 given renewed hopes that Barnier’s visit later this week can revive flagging, if not forlorn trade deal prospects. UK COVID stats: Cases +21,331 (prev. +18,804), deaths +241 (prev. +80)
by FTUKcom
1