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TOPIC: EUR/GBP

EUR/GBP 13 Jan 2015 10:48 #1

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possible 123 low forming?? one to watch over the next few days



dl.dropboxusercontent.com/u/4899609/eurgbp13thjan2015.png
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Last Edit: 13 Jan 2015 10:49 by remo.
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EUR/GBP 05 Jun 2014 09:41 #2

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Ive adjusted the 123 low as its gone lower and a new 123 low maybe forming??
Thats the advantage off waiting for a 123 low to breakout as it stops you from pre-empting a trade.



dl.dropboxusercontent.com/u/4899609/eurgbp5thjune2014.png
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EUR/GBP 29 May 2014 11:22 #3

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Still on for the 123 breakout around .8185


image.jpg
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EUR/GBP 19 May 2014 09:49 #4

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Keep an eye out for a 123 low breakout.
ive got my order to go long at 0.8184 with a 50 point stop..
This is for today only and i will have to see how this pans out.
one for the watch list B)



dl.dropboxusercontent.com/u/4899609/eurgbp19thmay2014.png
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EUR/GBP 01 Apr 2014 17:44 #5

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first pb after breakout
Long @ 0.8292
SL below 0.8262

image_2014-04-01.jpg
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EUR/GBP 06 Mar 2014 17:31 #6

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Possible 123 low formation???
This almost broke out earlier so one to watch as that area has been weakened.
Resistance will come from trend line so that has to break for real strength to come.


dl.dropboxusercontent.com/u/4899609/eurgbp6thmarch2014.png
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EUR/GBP 28 Feb 2014 07:53 #7

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All good so far: the pair actually turned down at 8287 as opposed to 8279, so only 8 pips out. It's now 8195 as I type so fast approaching the 50% extension at 8191 and 61.8% at 8168, so somewhere in this area expect a retrace to form wave B before the push down to 8094 > 8049 to form wave C...... I hope :)
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EUR/GBP 23 Feb 2014 14:45 #8

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dl.dropboxusercontent.com/u/7238706/eurGBPhr.png
EURGBP

First question: will wave B complete at 8279>81? A look at the hourly chart shows this level is represented by good resistance and the 61.8% fib extension of 8151 > 8261 from 8215. If the level holds this will be a good place to enter short.
Second question: how far will it drop?

dl.dropboxusercontent.com/u/7238706/EURgbpDaily.png
Well, the zone to be looking at, from a fib perspective, is between the 100 & 123.6% of the extension of wave ((a)) - somewhere between 8052 > 7981. There is support down there at 8036.

The next thing to say is to please take all this with a fairly large pinch of salt. It all makes sense but my track-record on forex has been, well, not too good to date :unsure: I'm posting this as much for my own re-assurance as for information of the interested on the BB. So, if this helps, then I'm genuinely pleased. If it's a pile of 'brown-stuff' i apologise but it has served a purpose ;)
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EUR/GBP 10 Feb 2014 07:53 #9

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Ooops! Looks like I got that completely wrong - back to the drawing board!!
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EUR/GBP 09 Feb 2014 07:20 #10

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Possible short to support at 0.8249 before recommencing the move north. It will be decision time however as this could equally move south and my coding will then require moving to an alternate....whatever, the short looks good....

dl.dropboxusercontent.com/u/7238706/eurGBPhr.png
....suggest stop at 0.8330
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EUR/GBP 03 Feb 2014 20:20 #11

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potential 123 low breakout
Long @ 0.8290
SL is below 3

daily
image_2014-02-03.jpg


weekly
image_2014-02-03-2.jpg
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EUR/GBP 06 Jan 2014 10:15 #12

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Happy New Year all fellow CV members :)

Apologies for not contributing for a while as I have been away!

Long @ 0.8319
SL @ 0.8277

eurgbp.JPG
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EUR/GBP 23 Oct 2013 22:11 #13

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Will probably join in on a test of circa .8500
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EUR/GBP 23 Oct 2013 11:20 #14

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Ive added to my long from earlier as a more distinctive 123 low breakout has happened and now it looks like its re-testing this intra day.

dl.dropboxusercontent.com/u/4899609/eurgbp23rdoct.png
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EUR/GBP 09 Oct 2013 15:55 #15

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EUR/GBP 24 Sep 2013 11:34 #16

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Possible 123 low forming??
Long above 0.8475 with tight stops
Stops should be below 2 point if this activates

dl.dropboxusercontent.com/u/4899609/eurgbp24thsept.png
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Last Edit: 24 Sep 2013 11:37 by remo.
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EUR/GBP 12 Sep 2013 07:24 #17

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I'd only expect it to backtest the trendline around the 8530-40 level though as it looks to me as if it's heading to the 61.8% Fib where there's also support from a previous high in Oct 2012 at 8161

I reckon you could be spot on Jackozy.......


dl.dropboxusercontent.com/u/7238706/EUR_GBP.png

....though there is a possible at 0.82251 from last December, which is in the target area between 50 & 61.8%
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EUR/GBP 11 Sep 2013 23:39 #18

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Thats the thing with trend lines..once they break the moves can be powerful ;)
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EUR/GBP 11 Sep 2013 19:03 #19

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The trendline broke on that but it may be forming a hammer at support on today's daily chart:

ha099c65.png


dl.dropboxusercontent.com/u/20815047/EURGBPdaily11_09_13.png

I'd only expect it to backtest the trendline around the 8530-40 level though as it looks to me as if it's heading to the 61.8% Fib where there's also support from a previous high in Oct 2012 at 8161
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EUR/GBP 12 Aug 2013 09:24 #20

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worth a long on first attempt of that trend line at 8564..If this attempts this in a few days time then it would have the back up of the horizontal support(8572) as well.Possibly around the 15th aug. Obviously the levels change daily on the trend lines ;)

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EUR/GBP 11 Aug 2013 07:45 #21

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dl.dropboxusercontent.com/u/7238706/EURgbp.png

Not having broken the resistance at 0.8815 it looks like this will head south to the target area between 0.826 and 0.814. Personally I favour the upper end as there is significant support in that area.

Taking the opposite view, it hasn't broken out of the up trend as yet so could easily bounce from here and break the 0.8815 resistance.

Interesting times ahead..... :unsure:
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EUR/GBP 31 Jul 2013 09:48 #22

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redchilly wrote:
On my chart it has already blown through the resistance

EURGBPnow.jpg


I am already long on this from 10th of June and its in a STRONG uptrend!


Hi redchilly
well done mate... :cheer: :cheer:
That trend line on my chart goes back way further.Goes back to 2008 ;) So this break could be significant if it can stay above.


dl.dropboxusercontent.com/u/4899609/eurgbp31stjulyl.png
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EUR/GBP 31 Jul 2013 09:43 #23

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On my chart it has already blown through the resistance

EURGBPnow.jpg


I am already long on this from 10th of June and its in a STRONG uptrend!
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EUR/GBP 31 Jul 2013 09:37 #24

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This broke out.....its normally good to short on a first attempt basis but if the price closes near the shorting area then best step aside. ;) Like in this example.
The price should move higher now but confirmation will only come once this can move above 8814 so i will be shorting on first attempt of 8814.
If this finishes above that trend line(8715) then it also could signal the new up trend.


dl.dropboxusercontent.com/u/4899609/eurgbp31stjuly.png
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EUR/GBP 31 Jul 2013 09:23 #25

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This is just at resistance around 8720 of the long term trend line starting in Dec 2008.
Time to go short... or is it about to break upward out of the symmetrical triangle?
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EUR/GBP 18 Jul 2013 08:19 #26

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dl.dropboxusercontent.com/u/7238706/EUR_GBP.png

Seems to be headed in the right direction :)
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EUR/GBP 15 Jul 2013 09:26 #27

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Possible short on first attempt of main down trend line at 0.8726 .
This is an order to open trade..stops of 30 pips..
This is only for today and if it gets real close to the level then i wont be placing this trade tomorrow.


dl.dropboxusercontent.com/u/4899609/eurgbp15thjuly.png
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EUR/GBP 10 Jun 2013 11:47 #28

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possible IB forming today
EURGBP.jpg

Long @ 0.85032
SL below the candle of 6th June ( below 0.84763)
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EUR/GBP 22 May 2013 10:50 #29

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The Pound is getting hammered every which way right now. :blink:



The weekly view for EUR/GBP does reveal an interesting "trading band" - I appreciate that you folks aren't into the long term, but it might still give a hint or two!

Good luck folks.
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EUR/GBP 22 May 2013 09:52 #30

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I have added to my Long position @ 0.85008 :)
2013-5-22_ARL-51146.jpg
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EUR/GBP 15 May 2013 08:13 #31

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short 0.8489
SL 0.8517
Target 0.8290
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EUR/GBP 14 May 2013 07:56 #32

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I'm interested to see what happens to this as I'm expecting this to turn down, possibly at the trend line, approx 0.8523. I say this only because so far, we have only had six swings and a corrective move runs in a pattern of 3,7,11,15, etc.

.... ignore the labeling: it's for my benefit only and I realise not everyone agrees.
Thanks for posting this redchilly. Appreciate your posts and I'm getting more and more interested in forex due to the liquidity factor.
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EUR/GBP 13 May 2013 22:23 #33

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Long @ 0.8480
SL @ 0.8424
image_2013-05-13.jpg
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