EURGBP

Leebax

Master Trader
Aug 16, 2019
123
57
59
35
EURGBP - First time revisiting it this week, since the first call a couple of weeks ago we have dropped over 200 pips on this pair. More importantly price has now broke below the weekly support level, making the way for a drop lower. BUT we have the GBP elections on the 12th so we have to be careful with this pair, currently its looking bearish. i will be looking to short on a retest of the broken support level. But with tight stops and good risk management as the elections could change the bias in an instant
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pezza55

Trader
Dec 2, 2019
34
9
14
35
big moves last week time for market to settle this week before i look at it again
 

DT77

Active Trader
Feb 24, 2019
317
44
44
52
There will be further falls this week I think as Boris gets Brexit done....
 

Leebax

Master Trader
Aug 16, 2019
123
57
59
35
EURGBP look back today. After all the big drops we got over the past month or two. We then get a push back up with the brexit news. But it soon continued ion the bearish bias. For me it still looks like a sell, we have accumulated below the support level and i dont think its long until we see another push south. Good chance for a high R:R here so no need for greed. as always Risk management lets have a good year
82331663_10163052341975314_2100350260281868288_o.jpg
 
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pezza55

Trader
Dec 2, 2019
34
9
14
35
EURGBP seems to keep managing to fall although i expect some strong support here soon, the purple zone is a weekly demand zone so wether it pushes through first time or bounces back up around here to collect some more supply for another push through only time will tell. With the Deustche bank being in a bad spot you would think the EUR should be in a bad palce. One to watchView attachment 14808
Trading this pair seems difficult right now with all the news and brexit makes massive moves in ways that are hard to predict.
 

James_Burt

Trader
Dec 3, 2019
18
6
9
33
I’m not trading this pair at the moment, will keep an eye on it though for any opportunities that may arise.
 

REB_FX

Trader
Feb 8, 2019
88
19
24
36
This pair is like my trading nemesis lol

Maybe when the Brexit saga is over we can make friends again!
 

pezza55

Trader
Dec 2, 2019
34
9
14
35
EURGBP look back today. After all the big drops we got over the past month or two. We then get a push back up with the brexit news. But it soon continued ion the bearish bias. For me it still looks like a sell, we have accumulated below the support level and i dont think its long until we see another push south. Good chance for a high R:R here so no need for greed. as always Risk management lets have a good year
View attachment 15051
Still no signs of it moving at the moment
 

DT77

Active Trader
Feb 24, 2019
317
44
44
52
Might start trading this pair again now the Brexit storm has settled down a bit
 

K_Robdog

Trader
Nov 2, 2019
77
18
14
39
Looks like the price is still ranging, but with a little bit of bull action yesterday.... We are approaching your resistance level of 0.86895, where we may get that nice sell opportunity. Still eyeballing this one
 

Leebax

Master Trader
Aug 16, 2019
123
57
59
35
Looking back at EURGBP today. After all the fiasco of the general election we have settled in the range.
But we have the brexit deadline end of january so i think that is when we will see the next course of big movement for this pair.

Looks like were currently getting squeezed into a trignal, so i would wait for a breakout in either direction. Waiting for a retest would be ideal conditions, but sometimes we dont get them, so being alert of whats going on fundamentally is needed to catch the move.

Have a good weekend everyone, im on holiday next week so wont be around to provide analysis as i usually do. Remember patience pays :)Screenshot_2.png
 
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DT77

Active Trader
Feb 24, 2019
317
44
44
52
I don't see Brexit Day (31st) causing too much market volatility. Everyone knows that it's going to happen after all......