The bears pair of the week. Shorting today into Dec. EURGBP
https://www.tradingview.com/x/f0EOAqrf/
You could definitely do well shorting the EURUSD pair today, but even more lucrative is probably to go short on the EURGBP currency pair.
Why do I make this call?
Because it is imho more bearish than EURUSD at present, because unlike the latter which will probably have a bounce intraday at least during the start of the Asian session, bears will move in at some point on EURUSDvat about the 1hr timeframe from memory.
But every chart I viewed of EURGBP 1minute to 3monthly has the tipping-over effect and right from the get-go I think this will sell-off.
Of the other EUR pairs I have checked, i'm only about 1/3 through, EURCAD & EURAUD are also very bearish on the charts and the EURUSD I expect to gain the bearish sell a bit later during Asia Monday.
I will probably take a small lot size Short and ride this one into December using a mental-soft-stop which puts me in control to exit the trade when I want. For example, if an intervening bullish news story is released to the market to pump up the falling EUR.
I would like to report back when profits or losses are taken. For a review of trade.
You could definitely do well shorting the EURUSD pair today, but even more lucrative is probably to go short on the EURGBP currency pair.
Why do I make this call?
Because it is imho more bearish than EURUSD at present, because unlike the latter which will probably have a bounce intraday at least during the start of the Asian session, bears will move in at some point on EURUSDvat about the 1hr timeframe from memory.
But every chart I viewed of EURGBP 1minute to 3monthly has the tipping-over effect and right from the get-go I think this will sell-off.
Of the other EUR pairs I have checked, i'm only about 1/3 through, EURCAD & EURAUD are also very bearish on the charts and the EURUSD I expect to gain the bearish sell a bit later during Asia Monday.
I will probably take a small lot size Short and ride this one into December using a mental-soft-stop which puts me in control to exit the trade when I want. For example, if an intervening bullish news story is released to the market to pump up the falling EUR.
I would like to report back when profits or losses are taken. For a review of trade.
Nota
Will enter trade Short soon.
Trade ativo
I got short at 0.8323. This is an hourly Head n Shoulders bears side, the pattern has already retested. The hourly candle had formed as a bearish pinbar. I have no stop loss. A mental stop. 0.3 lots which is very small for me. Best way to play currency trades as you will get whipsawed and stopped out.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.