On Friday selling EUR/GBP looked a good thing. Price had fallen out of the up channel it was in and had re-tested the channel and failed to break back.. With RSI overbought I was happy to SHORT this pair down to lower levels.
Mondays open saw GBP weaken quite dramatically and even with EUR/USD falling this was not enough to move this pair south - a clear confirmation of the weakness of GBP.
EUR/GBP is now entering an area of strong resistance coming from the lower channel and historical resistance.
We may move a bit higher from here (.7828) and WR1 pivot lies tantalizingly close at .7858 so ideally we'll get a quick spike up and a rapid retreat.
I've a SELL LIMIT at .7857 on this pair with a 20 pip STOP however if we cross the 200 sma on the 1M chart - I'll go SHORT
Mondays open saw GBP weaken quite dramatically and even with EUR/USD falling this was not enough to move this pair south - a clear confirmation of the weakness of GBP.
EUR/GBP is now entering an area of strong resistance coming from the lower channel and historical resistance.
We may move a bit higher from here (.7828) and WR1 pivot lies tantalizingly close at .7858 so ideally we'll get a quick spike up and a rapid retreat.
I've a SELL LIMIT at .7857 on this pair with a 20 pip STOP however if we cross the 200 sma on the 1M chart - I'll go SHORT
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。