EURGBP Short

[Treacle]

Great when a plan comes together

 

[TareqS]

Excellent trade this is. The price is heading towards your destination with good momentum. It may hold right there as there is an up trending trend line. Look forward to getting your next trade idea in this pair.

 

[Jim B]

I’ve had a couple of nice sells on this pair the previous week, Interested to see what ideas you have for the coming week.

 

[JimmyRozza]

You are about to hit TP. Looking forward to the next forecast! May well join you. Nice trading

 

[bigbax699]

Good morning all, another week begins. As always nice to report a TP hit. EURGBP continued right down and hit the demand zone we was aiming for. Nice simple daily range and an easy 162 pips with a lovely 1:5 R:R returned. In sharprish time too. But what is next? Well support could form here for a buy back upwards. GBP is very strong currently and EUR has been weak, but will that soon change? I've included the monthly and weekly charts today for some perspective with those ranges. Id like price to visit the weekly demand zone below as its nice and strong so we may see a good reaction from there. Keep watching for now at those levels and see what presents itself. Enjoy the pips for now ill update again in a few days GLIYF

 

[sebking1986]

Really nice risk reward and profit made on this trade. As you say with EUR being so weak at the moment we could see the weekly support level tested.

 

[Treacle]

Yes GBP too strong at the moment to buy back in....

 

[ForexWarrior2020]

Very strong trade here for sure. Still in a tight range so would like to trade this once it breaks either your top pink box or the green one at the end

 

[sebking1986]

Crashed straight through. I am looking at the 0.839ish level now.

 

[ScottHughes]

Had issues with GBP not reversing this month so going to stay out of trading this range