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EUR/GBP Multi-Time Frame analysis (Potential Trade)Hello traders , as you can see I deeply explain the way I see the markets. Make sure to see the entire video because I'm sharing a potential trade idea for the next hours. Let me know if you are more bullish or bearish . I've got many fundamental reasons to continue shorting :EUR Europe continues struggling to immunize its citizens Eurozone bank lending doesn’t point towards an investment recovery yet The gap between German and US bond yields widens Vaccination problems in Europe to weigh on the euro ECB's lack of commitment to longer-term support means fewer funds for the economy The eurozone lags behind the US on three important metrics Political risk in Europe is starting to percolate New quarantine restrictions in Germany muddy the outlook for the recovery Europe to face the same levels of the new covid strain as the UK Rising fragilities among firms, households and sovereigns amid higher debt burdens Germany struggles with the virus The latest lockdown measures have dented the summer optimism ECB to try to break the vicious deflation spiral Also good reasons to BE LONG in GBP: British economic data continue to improve Bank of England see hopeful signs ahead for the UK The UK’s amazing vaccination prowess strengthen the pound Vaccine optimism and shelving of negative rates to drive sterling higher BoE has left its rates unchanged, yet all but closed the door on negative rates BoE's acknowledgment of vaccines helps the pound BoE’s Bailey remains sceptical on negative rates AstraZeneca vaccine approval helps improve outlook for 2021 recovery Business optimism for the 12-month outlook remains upbeat Bailey ready to buy bonds
Short
by AIRFOREXONE_
17
EUR/GBP Multi-Time Frame analysis (Potential Trade)Hello traders , as you can see I deeply explain the way I see the markets. Make sure to see the entire video because I'm sharing a potential trade idea for the next hours. Let me know if you are more bullish or bearish. I've got many fundamental reasons to continue shorting :EUR Europe continues struggling to immunize its citizens Eurozone bank lending doesn’t point towards an investment recovery yet The gap between German and US bond yields widens Vaccination problems in Europe to weigh on the euro ECB's lack of commitment to longer-term support means fewer funds for the economy The eurozone lags behind the US on three important metrics Political risk in Europe is starting to percolate New quarantine restrictions in Germany muddy the outlook for the recovery Europe to face the same levels of the new covid strain as the UK Rising fragilities among firms, households and sovereigns amid higher debt burdens Germany struggles with the virus The latest lockdown measures have dented the summer optimism ECB to try to break the vicious deflation spiral Also good reasons to BE LONG in GBP: British economic data continue to improve Bank of England see hopeful signs ahead for the UK The UK’s amazing vaccination prowess strengthen the pound Vaccine optimism and shelving of negative rates to drive sterling higher BoE has left its rates unchanged, yet all but closed the door on negative rates BoE's acknowledgment of vaccines helps the pound BoE’s Bailey remains sceptical on negative rates AstraZeneca vaccine approval helps improve outlook for 2021 recovery Business optimism for the 12-month outlook remains upbeat Bailey ready to buy bonds
Short
by AIRFOREXONE_
18
USD/CHF, GBP/CHF, GBP/NZD and EUR/GBP on watch for me today.USD/CHF: • If price impulses back down below our rayline, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/CHF: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down below the trend line I've plotted as illustrated, followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/NZD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price doesn't quite push up to the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down below our higher time frame rayline followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down below the lower ascending trend line of our most recent piece of structure followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. EUR/GBP: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price only pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll once again be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart but I'll be hiding my stop loss below our lower descending trend line for extra protection. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
by StewySongs
2