Get started

Eurgbpsell

EURGBP - BEARISH OPPORTUNITY FOR TODAYEUR - BEARISH 1️⃣ Dragged down by coronavirus worries and Brexit concerns. Investors fear that a worsening coronavirus situation across Europe could hamper the region's economic recovery. 2️⃣ German Economic Sentiment eased to 56.1 in October. GBP - BULLISH 1️⃣ Cable recorded fresh 5-week highs at the beginning of the week on the back of renewed optimism surrounding the UK-EU Brexit negotiation. 2️⃣ The European Union will continue to work for a fair deal with the United Kingdom in the coming days and weeks, the EU's chief Brexit negotiator Michel Barnier said on Tuesday. ===== TECHNICAL ===== - We're looking to short EURGBP on SBR level + 61.8% fibo retracement level on H1 chart. - EURGBP in bearish zone.
Short
by MonsunAsia
EURGBP short play off of the 0.9088 levelPrice is testing the 0.9088 level. We've seen price trade both above and below this level since mid-July. Based on the current price action, we're observing weakness on the upside. Here's the run down on the two labels: 1. Price previously held supported and broke below this level. This has trapped quite a few traders who have shorted this break lower as it quickly reversed. 2. Notice that it failed to make a higher high. In fact, it reached the previous intraday resistance and then began selling off again. Given how quickly price has broken below this level, this support is weakening. We are looking to short on the next possible pullback opportunity just to optimize our entry. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
Short
by FinancialGamblR
EURGBP - BEARISH BIASEUR - BEARISH 1️⃣ Concerns about a second wave of coronavirus infections in Europe sent investors rushing for safety. 2️⃣ German business morale came in weaker than expected in September, while France's industry morale beat forecasts. 3️⃣ The risk-off mood further fuels the US dollar's haven demand across the board. GBP - BULLISH 1️⃣ UK Chancellor Rishi Sunak unveiled the government's plan aiming to support the economy and protect jobs over the next six months. 2️⃣ EU's chief Brexit negotiator, Michel Barnier in London for informal talks until Friday. ===== TECHNICAL ===== - We looking to short EURGBP on SBR level on H1 chart. - EURGBP in bearish zone.
Short
by MonsunAsia
1