Day trade
Trade view / 09 January 2018 at 7:49 GMT

Break below key averages points EURGBP lower

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: EURGBP
Price target: 0.8761
Market price: 0.8812

This week's negative bias has already been confirmed. Yesterday's strong extension of Friday’s decline yielded sustained prices below the 13/100 day moving average area. The proximity of the 200-day line, and oversold extremes, adds a note of caution but currently we look for any profit-taking to be temporary and limited with the downside likely to continue to develop.

Management and risk description

A move to 0.8792 means the stop can be lowered to breakeven.


Entry: sell in 0.8815/20 area and at 0.8840.

Stop: 0.8864 bid.

Targets: 0.8792, 0.8779 and 0.8761.

Time horizon: intraday, closing 16:00 GMT.

Through averages:
Through Averages
Source: CQG
Strong selling:
Strong Decline
Source: CQG
Long Term
Source: CQG

— Edited by Michael McKenna

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on is found here
Mattyboy Mattyboy
Literally as soon as I entered this it shot up to -£300 :(
Kashif khawja Kashif khawja
Dear Mattyboy, Risk management is on your part. I have earned good pips on shorting this pair. What I learnt is to enter near Stop Loss levels. WE SHOULD BE THANKFUL TO FREE ADVICES OF EXPERTS.
Cesime Cesime
Matty this trading
Mattyboy Mattyboy
Loud and clear thanks to them capital letters
ContraTrades ContraTrades
Tend to go against as it is of higher probability. Much better success rate. Come to me mind games.
marran marran
this isnt looking great at the moment
marran marran
i have done this trade to hold over the rest of the week so all is not lost! (yet)
AlanCollins AlanCollins
Best of luck with that Marran but the Trade Idea I posted was only aimed for Tuesday, closing at 16.00 GMT.
Mattyboy Mattyboy
I'm still holding out for yesterday's trade but not looking too good at the mo


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