The EURGBP looks like a good one to trade next week. Use your tested trading strategy to trade this move. Looks like it will open well next week and downside is highly likely.
All the best, Tom_Killick
Komen
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Inside open here on the EURGBP shows we should be waiting for a breakdown before considering sells. You can catch the weakness easily on a smaller time frame, so if you have a tested trading strategy, you'll catch this move with ease.
Komen
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Candle ranging today, indicates that it will go down into continuation, and this is likely just an up day in a down trend. I hope you have a tested trading strategy to catch the move on this one.
Komen
Joshbarraclough
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Think I'm looking at the (slight) bullish divergence that happened from the end of Jan to the end of Feb ?
TomProTrader
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@Joshbarraclough, The one to focus on is the bearish divergence, where the swing is clear and apparent. Shows great potential for downside.
Best,
Joshbarraclough
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@Tom_Killick, sterling looks like it's strengthening against the eur especially following the inflation data from the U.K, any advice on the FTSE UK ? I placed a short and took the profit following a stoch divergence and a test of the channel however I'm inclined to go long now, would that be a bad move ?
Joshbarraclough
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Hi tom is that not a bullish stoch divergence ? Or have I got it the wrong way round :p