EURGBP could be giving us clues on on the direction of EURUSD, GBPUSD .
EURGBP-H4
A rejection at the 50% move of the high/low with a bearish H4 candle set-up is a sign of indecision and points to a move lower in the cross .
Yesterday i sold EURUSD at 1.1877. You can read where i entered here in my short trade idea . Below is today’s chart . Not much to add from yesterdays commentary. The levels are still active and i managed to pick the top within 3 pips .
EURUSD H1
GBPUSD is looking bullish short term .We have bounced nicely from trendline with a retest, and the set-up suggests further gains are likely if we can break the 1.3320-40 area.
GBPUSD-H1
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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Hola Horacio, how are things in China? (I think that’s where you are located) somehow a similar view and expectation. I picked short EURGBP (Danske Bank aiming 0.8700 handle) ‘if’ Seasonality plays as it did in 2016 moving forward the ‘shared currency’ should go down based on the last 5-years dynamics. (I took the liberty to run over those years) Nov. 2010 (500)-pips, then Nov. 2011 (350)-pips, later Nov. 2012 (210)-pips, after that Nov. 2013 ‘negative not a lot’ but negative, again Nov. 2014 (tick up) +200-pips, continuing 2015 (200)-pips and finally Nov. 2016 (511)-pips. I calculated those figures from high to low.
In other words from these levels ‘out of the blue’ the big winner in 2017 can be the Great British Pound (using ‘great’ as a great comeback) when most pro-called for a cold knockout.
Congrats on selling that top! 3-pips away…that’s some serious skill! 🙂
https://uploads.disquscdn.com/images/135f644b36025345e2bfe26339eb2bff6ac9ccf447a0b0ce5ce8a6908fc84f9a.png
I’ve just given H a nudge that you’ve commented so I’ll post up a reply when I get it.
From H;
“i am enjoying your comments Jose . Thank you kindly for your great insight and contribution . China is treating me fine and i hope to talk with you more next week when i have more time my friend “
Thank you @Ryan@ryanlittlestone:disqus and ‘H’ for your response.