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Why I’m selling EURUSD: Lambert
Clive Lambert - FuturesTechs
Yesterday at 7:45 GMT
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Why I'm selling DAX: O'Hare
Steve O'Hare - First 4 Trading
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Two-way risk for EURGBP — #SaxoStrats
John J Hardy
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Ian Coleman - First 4 Trading
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The week ahead in macro — #SaxoStrats
Kay Van-Petersen
Monday at 11:17 GMT
1:00
Why I’m trading USDJPY: Lambert
Clive Lambert - FuturesTechs
13 October 2017 at 7:56 GMT
Video / 16 September 2016 at 6:52 GMT

Technical analysis of a long EURGBP trade: Lambert

Clive Lambert - FuturesTechs
Clive Lambert from FuturesTechs.co.uk provides a technical analysis of a long EURGBP trade.

EURGBP has been recovering for the last week or so after finding buyers at a key support zone around 0.8300-0.8350. Tuesday was a large green candle with Marabuzo support at 0.8465, a level that’s held on pullbacks since.
  
Lambert expects to buy at around 0.8480 with a stop below 0.8445-50. The targets are 0.8540, 0.8585 and 0.8720.
1y
BertHH BertHH
Hi Clive, what is your timeframe for this trade?
1y
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
2 days to 2 weeks I'd say.
1y
BertHH BertHH
ok, thank you very much, Clive
1y
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
If you got on this the first two targets have been met in my absence (I was away yesterday, returning from a long weekend in Spain). I still think we can head back to 8725 but it would be prudent to move the stop on any remaining balanes to 8525 now.
1y
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
If yuo're still long move the stop up to 8595. I think we'll find buyers on a dip to 8620 today and the chart is still looking higher, suggesting we'll be retesting 8725 soon.
1y
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
We fell over just shy of 8725 on Monday, then saw further selling yesterday, so if you're not already out it's time to cover any remaining balances on this trade as we have now got an "Evening Star" reversal on our chart which suggests we may well have topped out once more.
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