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Eurgbpbearish

"Winner takes all" on EURGBP for UK Elections... after what was another upsetting weekend in the city, sadly, no surprises!!! Elections now taking centre stage in UK alongside Saudi/Qatar relations. We'll wrap up the macro details in a few as I will be publishing 2 setups on EURGBP for those wishing to take part these will include references to the interpretation/context of recent numbers and politics. -> The options ... Long or short. Those choosing to take part have 2 triggers to pick from; price and fibs and we can compare at the end which was the best (if any). (i) FIBS Longs -> Shorts -> (ii) PRICE Longs -> Shorts -> ---------- Choose from; BUY : Limit BUY @ 0.865x -> TP1 0.882x -> TP2 0.900x SELL : Limit SELL @ 0.881x -> TP1 0.845x -> TP2 0.823x ---------- This is the range we are currently trading in: Bottom of range : 0.8350x Top of range : 0.9270x Mid : 0.8750x => Conservatives remaining with unchanged majority, expectations will offer a relief rally towards the 0.84xx handle after the election. This would give us continuation of the range (Mid/Low) of 0.84xx - 0.88xx => Conservatives losing majority and Corbyn the communist getting the hung parliament we will see expectations towards the 0.90xx handle in a swift knee jerk before settling in the 0.84xx - 0.88x range till the end of this year when we will start to trade the impact of Brexit in equities. Come on jump in and make a call!!
by TheBanker
11
EurGbp Bullish and Bearish setupsEurGbp looks like it will perform a wave up when looking at the current structure and the indicators. However a break of the lower range will confirm a sell. So basicly EurGbp is showing options for a bullish or bearish entry. Personally I am with the bulls given the current structure and setup of the indicators. But I will sell if the lower range breaks. Since it can be traded both ways I give this setup a Neutral. Also alot will depend on the French elections that are being held this sunday. If the anti-EU "populists" don't win then the Euro will show a nice boost.
by JoshFX1
EURGBP right shoulder formingGuys..... For those who are trading sterling exposure, here is one to be looking at. Technically speaking, EUR/GBP began rolling over from a lower high starting in February. This may be the right shoulder of a head and shoulders top. Strong support at .83300 from the neckline, trend line and 50d moving average must be broken to confirm the top. We heard words out of Forbes yesterday implying the UK will be needing a rate hike in the coming months, this will be indicative for the waterfall event. She also believes that inflation is picking up faster than forecast. Our models suggest that Q1 2017 was a turning point for GBP pairs, this is going to be confirmed b a break below support suggesting EUR/GBP will fall to .7500.
Short
by TheBanker
9
EURGBP Short Opportunity I AM A GOLD TRADER, but this pair caught my attention as it reminded me of a previous chart i posted 3 months ago on XAUUSD which made profits, and similarly EURGBP looks to be very similar. If you look at my previous idea, on a weekly chart you will see the similarity in price action which i am speaking of and understand what i am stating. EURGBP: - Looks to be forming a H&S on a weekly time frame. -There also seems to be a gap at 0.81562 - The pair looks to be wanting to test a previous MAJOR resistance line, which will become future support (As shown on chart) Therefore, i am short. Target: 0.81562 Note *This is a swing trade, may take months to terminate* $$$$
Short
by selenk
UK supreme court will confirm T.May right to triger article 50 Eyeballing the immediate trend remains bearish since November made new lows. This is further illustrated with our models signaled up meaning we may be preparing to rally. At this moment market is still in a downtrend looking at the weekly level. The last high is marked in the first week of October, we remain below key support and resistance is now at 0.84200. On a broader basis monthly levels imply a rise in trend. Some caution is required with buys on this pair.
Long
by TheBanker
1