Long Trade For Monday: EUR GBP Long. Please read below.
https://www.tradingview.com/x/xvD6GiUs/
The EUR / GBP is parked very bullishly on W/Bottoms on the higher timeframes but their also exists a bullish H"S" Pattern on the 2HR timeframe. This pattern had already retested the Neckline.
High timeframe RSI & Stochastic's are also very bullish to bring the EURO out of Ovesold territory and rally hard agains the Pound.
I will buy the breakout of the trendline in the chart attached.
Cheers,
easy_explosive_trader.
The EUR / GBP is parked very bullishly on W/Bottoms on the higher timeframes but their also exists a bullish H"S" Pattern on the 2HR timeframe. This pattern had already retested the Neckline.
High timeframe RSI & Stochastic's are also very bullish to bring the EURO out of Ovesold territory and rally hard agains the Pound.
I will buy the breakout of the trendline in the chart attached.
Cheers,
easy_explosive_trader.
Nota
On Friday, despite the market sell-off, The Euro against the Pound took out the previous Day high and closed Friday in a strong position.Dagangan aktif
What i also like about this trade:
* If we cast our minds back to Friday, at one point the Vix Index was very close to 15% up on the day.
* Gold, silver, stocks all sold off in time during Friday & did not really recover.
Now, the price-action for EUR/GBP was actually bullish. EUR/GBP took out Thursdays high & price finished in a strong position. One moment I will check the weekly & Friday percentage numbers.
Dagangan aktif
EUR/GBP was up 0.15% on Friday & finished week up about 0.39%. Not bad for a beaten down currency.
Nota
Friday's candle looks good to me on a day where the VIX nearly broke out above 15%Dagangan aktif
Long EUR GBP:
This is going well so far...moving up in the Oceania Monday session
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.