Thread: EURGBP - 500 pip opportunity

1 Attachment(s) https://www.forexsoutheast.asia/gene...g-eur-jpy.html
now don't do anything
until price break 0.7383 and confirm #8203;in this Period you can buy and Allow You to target
0.7641 0.7870 0.8080 good Fortune

Originally Posted by ;

image now don't do anything before price break 0.7383 and affirm #8203;in this time you can buy and get you goal 0.7641 0.7870 0.8080 good fortune

You are overlooking fundemetal aspect.
Draghi ECB desire cheaper Euro already speak about further QE
Its one thing drawing lines on the chart yet another following details.
Regards

Fundamentally the trade works if we get yet another bout of risk aversion. Dax down margin calls and e/u moves upward. Their is a lot of brief curiosity here in e/u. It will gain strength such as japan If stocks turned into bearish. The fact that china needs to devalue further should also be front of the significant list. I believe you are likely to see it starting next month. This ought to cap risk rallies for the near term as risk comes on china going to let their currency move until right before it triggers Too much pain. . .then repeat repeat. After china becomes fully set I feel the next bull could start. Risk will range trade should they get what they want. GBP got hikes priced in....so space for a few fat to come off there, also in a risk off surroundings, g/u likely to have a hit. So potential double hit there. Rumors of ECB extending QE just a couple months following the current program started don't hold much weight to me. Maybe in the future? But they never likely to find another qe approved with the current app still having a year to go! I don't stick to every post on this, the the frequent sense indior its ringing pretty loud. As long as greece elections don't throw a nasty curve ball I Believe this trade might work well

Im on board : Euro bull

An early call to make sure, but you have qualified it with your own warning not to take the trade until above 7383. Good call.
I state early because we will probably see 7120 first.
Thanks for the heads up.

Assessed the outcome of this commerce. If it was EurJpy, EurCad or even EurNzd; it'd have likely hit TP but E/G is typically a short traveler.

interesting. Not what I see, but I will watch