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Eurgbpshort

EURGBP SHORT EURGBP is moving in a descending channel on the Daily time frame, in the other view, the pair is retesting the neckline of the hand and shoulder pattern in the daily time frame. We expecting the pair to re-test the key support levels listed on the chart, We taking this trade based on technical analysis and candlestick patterns. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Short
by Pro-Trading-Africa
1
Selling EURGBP 02 Aug.The pair is bearish on W1, D1, H4. Broke below support at 0.837 twice. Previous break below did not succeed but the bulls had no momentum either. Broke again today and now pulling back to 0.837. This time the bears may succeed and provide an opportunity to target 0.8245 area. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. Please comment and share your own thoughts!! Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
EURGBP: Ascending channel breakdown leading to a trend reversal?The UK July PMIs show a slowing in the rate of expansion in both the service and manufacturing sectors. The UK Services PMI Business Activity Index fell to 53.3 in July, down from 54.3 in June, hitting a 17-month low. The manufacturing PMI in the United Kingdom fell to 52.2 from 54.3 in June, reaching a 25-month low. Capacity constraints due to a lack of materials and employees were the factors behind the slowdown in output growth. However, input cost inflation moderated, new order volumes increased, and private sector employment rose. The UK PMIs prints in July are also broadly in line with what analysts predicted, and they outperformed peers (such as the EU). The pound against the dollar ( GBP/USD ) is flat today. The pound, on the other hand, is gaining ground against the euro ( EUR/GBP ), as preliminary PMIs readings for the Euro Area already reveal that economic activity contracted in July. This means that the Eurozone may enter a recession before the United Kingdom. On the EUR/GBP 1-hour chart, a breakdown below the short-term ascending channel is now visible. If confirmed by today's close, this could lead to a short-term bearish reversal for EUR/GBP , with a target of 0.84 (July 13 lows).
by Capitalcom