EURBGP makes history, easy short
I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would have called a ‘blow-off’ move. Almost the entire move has been on lower daily volume (exception being the 21st).
The RSI and Composite Index are also at historical highs and showing similar structure in their peaks. This pair is bound for nasty mean reversion trade with at least a 50% retracement.
I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would have called a ‘blow-off’ move. Almost the entire move has been on lower daily volume (exception being the 21st).
The RSI and Composite Index are also at historical highs and showing similar structure in their peaks. This pair is bound for nasty mean reversion trade with at least a 50% retracement.
トレード稼働中:
Short @ 0.8826
トレード稼働中:
Added 2 lots short @ 0.8815
トレード稼働中:
3 lots added at 0.8915
トレード稼働中:
Still active - prepping for violent reversal.
トレード稼働中:
Added 1 lot at 8972
トレード稼働中:
Still holding and active - it's July 3rd, an important Gann date where moves culminate and trends terminate between July 3rd and July 7th.
トレード稼働中:
added 2 lots at 0.9025
トレード稼働中:
1/2 of position sold today - another 1/4 will sell @ 0.8467.
トレード終了: 利益確定目標に到達:
1/4 sold at 0.8467, remainder of position (final 1/4th) sold at 0.8452.