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Eurgbp!

Thursday chart update Hi everyone! It's Max here, as always going live Pre London with few charts and setups that I am currently monitoring and can be ready pretty soon. If you like this kind of videos and took some value out of my content please don't hesitate to click like, follow and happy to answer your questions. Please don't take this as financial or investment advice. I am doing these videos for my own record and development as a trader. Feel free to reach out to me. I am more than happy to help with your journey! Happy trading!
by Maximilionfx
Wednesday update –––> Hi everyone! It's Max here, as always going live Pre London with few charts and setups that I am currently monitoring and can be ready pretty soon. If you like this kind of videos and took some value out of my content please don't hesitate to click like, follow and happy to answer your questions. Please don't take this as financial or investment advice. I am doing these videos for my own record and development as a trader. Feel free to reach out to me. I am more than happy to help with your journey! Happy trading!
by Maximilionfx
1
EURGBP – Expanding wedge offers a downward biasFX:EURGBP OANDA:EURGBP FOREXCOM:EURGBP SAXO:EURGBP Monthly – Triangle formation. Trend of lower highs at 0.9022 Daily - 261.8% and a DeMark 13 Intraday (four-hour) – Expanding Wedge has a bias to break lower Trade Idea We look to sell EURGBP at 0.9000 Stop 0.9025 Target 0.8830 Euro-zone retail sales declined 0.3% for May compared with consensus expectations of a small increase with the year-on-year increase at 1.3% from 1.8% previously which suggested subdued consumer demand. ECB Council Member Rehn stated that the slowdown in no longer temporary. Further monetary stimulus is now needed until there is an improvement in economic conditions and inflation prospects if the central bank is to meet its mandate. Rehn is not one of the most dovish members on the committee and the comments reinforced expectations that the central bank would take further action to cut interest rates by September at the latest. Sterling continued to be hampered by concerns over the growth outlook following the weak PMI data releases the week. There was also further speculation that the Bank of England would adopt a more dovish policy stance over the next few months. In relative global terms, however, the central bank stance is likely to be slightly restrictive, especially with expectations that the Federal Reserve and ECB will cut interest rates during the third quarter. Sterling will also gain some support if there are increased hopes that global monetary policy actions support the global growth outlook.
Short
by Signal_Centre
2
A confluence of Fibonacci levels on the weekly - Selling EURGBPFX:EURGBP , OANDA:EURGBP , FOREXCOM:EURGBP , FOREXCOM:EURGBP A confluence of Fibonacci levels on the weekly - Selling EURGBP Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity. Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions. 4H - Strong move higher today and approaching some exhaution points. We approaching some very key levels here following a strong move higher. The UK is getting closer to appointing a new Prime Minister, Boris Johnson remains the favourite. Once the uncertainty of this is lifted, we could see short term relief in GBP. One point to note is that a potential bullish engulfing is forming on the daily chart. Good luck!
Short
by Signal_Centre
Sterling: High volatility expected early next weekWell referenced political news is important. Sterling could see serious volatility next week if political pundits are correct about Theresa May being forced out of her premiership next week in relation to Brexit confusion. Rival MPs are already jostling for position as Wednesday is the big day. The uncertainties could send GBP pairs into high volatility between 15 min to 4H time frames. Avoid FOMO and getting stung, if you can.
by Captain_Walker
1