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EURGBP Reversal

Ivolux Posted 10 Dec.  in #Trader's blog #Eurgbp
Today I`m looking at EURGBP on Daily chart. We have nice bearish engulfing reversal of previous resistance level @ 0.7260
Trade idea: SELL EURGBP @ market SL 0.7265 TP 0.7170
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EURGBP Reversal at 0.7000

Ivolux Posted 24 Nov.  in #Trader's blog #Eurgbp
Today I`m looking at EURGBP pair on daily chart. The pair has been is strong downtrend since start of October, but now has hit strong major RN 0.7000 and pair is struggling to find new sellers bellow 0.7000. We have hit Lower Bollinger Band and Showing some nice bullish engulfing candles.
Trade idea: Buy EURGBP @ 0.7030 SL 0.6980 TP 0.71000
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EURGBP 4h Reversal

Ivolux Posted 18 Nov.  in #Trader's blog #Eurgbp
Today I`m looking at EURGBP pair on 4h chart. The pair has been in free-fall since start of October, but now have hit some breaks @ 0.7000 major round level. Can see some pin bars forming along with some Bullish engulfing candles. Potential reversal could be in play.
Trade Idea: BUY EURGBP @ 0.7010 SL 0.6980 TP1 0.7050 TP2 0.71000
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EURGBP Reversal

Ivolux Posted 6 Nov.  in #Trader's blog #Gbpusd #Eurgbp
Today I`m looking on EURGBP pair. GBP has had a huge drop yesterday after the news that Bank of England are unlkey to raise interest rates till end of next year. So I`m looking for opportunities to SELL GBP. EURGBP pair stands out. We have large Engulfing bar on Daily chart, Price has been at Lower Bollinger band. Looking to BUY EURGBP, but price at market doesn't give me a good enough Risk:Reward so I will be looking for a retracement to get a better price.
Trade Idea: EURGBP BUY LIMIT @ 0.…
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Add shorts on EURGBP

Ivolux Posted 2 Oct.  in #Trader's blog #Eurgbp
My Short trade on EURGBP pair is working well and is in profit. Now daily chart showing another Engulfing candle - confirming my analysis for the pair. On top of that all the data from UK this week has been better than expected while EUR is looking weak against other pairs.
To sum it all up. I like my EURGBP short and I`m looking now to add more shorts at market with target around 0.7300 SL above 0.7400
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EURGBP Reversal

Ivolux Posted 1 Oct.  in #Trader's blog #Eurgbp
Today I`m looking at EURGBP pair on Daily chart. Pair has created Engulfing candle after strong uptrend in resent days and bounced of Upper Bollinger Band. I have been expecting this trade since last friday (as mentioned in fridays post). Now ready to go short at market.
Trade idea: Short EURGBP at market, SL 0.7440 TP1 0.7350 TP2 0.7300
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EURGBP Pin bar/Engulfing bar combo

Ivolux Posted 25 Sep.  in #Trader's blog #Eurgbp
Today I`m looking at EURGBP pair on D1 chart. Pair has created Pin bar Engulfing bar combo as price has rejected strong resistance at 0.7400. However due to today being Friday I would prefer to wait till Monday open before opening the trade as don't like keeping trades over the weekend (unless they are in good profit).
Trade idea: Sell at market on Monday morning, SL above 0.7400 TP before 0.7200
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2 Comments
zenfire avatar
zenfire 26 Sep.

Hello! I think your are one of the best traders here.
Today  I read you close positions before weekend.
My question is: if you are in a losing trade on friday afternoon, what time do you close the position? And, do you close the position always? without doubt like a stop? and sunday night re-open?
I guess if you close on Fridays some positions,  you open these positions again on Sunday or early Monday at a better price and other at worse price, but you can compensate over time.
I would like to know that you do in detail about positions before the weekend.
Thank very much!!!

Ivolux avatar
Ivolux 27 Sep.

I don't like holding positions over weekend due to gaps/large spreads/No guaranteed  Stop Loss.
I would close all short time frame (bellow D1) trades before weekend.
Trades from D1 and W1 charts I would use some discretion - if trade in profit I would close part of position and leave the rest. I f in Loss I would most likely close the trade and forget about it (don't open again on Monday). If around BE it would depend on trade setup, if its still valid, I would leave it open (if there are no news expected over weekend)
Hope this helps.

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