EURGBP tradeplan
מעודכן
The EURGBP made a nice impulse from 0.70 towards 0.78. I will be looking for either another bullish break towards 0.80 or a bearish break towards 0.74.
I've been trading this pair long as can be seen in my previous posts.
Have a look at the bigger picture first:
I like to see at least a test of 0.80 for that upper channel line. However as long as price stays within the channel I consider this a consolidation. It is very likely that the Pound weakened due to some fear of UK leaving the EU. However I don't think that will happen which will strengthen the Pound at least short term against the Euro.
Whatever the fundamentals are, for now the technical's are key. The 4 hour time frame shows a clear impulse higher of lesser degree and I'm focused on that for now.
The arrows indicate both bearish and bullish scenario. The convergence of price is presenting us a relatively safe trade if we let it complete first.
Updates will follow.
timstuyts.com
facebook/timstuyts/
I've been trading this pair long as can be seen in my previous posts.
Have a look at the bigger picture first:
I like to see at least a test of 0.80 for that upper channel line. However as long as price stays within the channel I consider this a consolidation. It is very likely that the Pound weakened due to some fear of UK leaving the EU. However I don't think that will happen which will strengthen the Pound at least short term against the Euro.
Whatever the fundamentals are, for now the technical's are key. The 4 hour time frame shows a clear impulse higher of lesser degree and I'm focused on that for now.
The arrows indicate both bearish and bullish scenario. The convergence of price is presenting us a relatively safe trade if we let it complete first.
Updates will follow.
timstuyts.com
facebook/timstuyts/
עסקה סגורה: היעד הושג
I personally did not traded this pair long although I posted it here on tradingview due to the price action at market opening this week. However it made a new high after the break which was the minimum target. Updates will follow.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.