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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
Have a nice time in Ireland !
I covered the EURGBP channel seveal times this year and more recently 2 weeks ago in my Premium service. here is the Premium chart from recently. It may take a while before the breakout accelerates.
http://ashraflaidi.com/content/images/premium/_full/eurgbp-w-and-m-jul-4.jpg
Ashraf
Been way too long! Hello all! It's been since year 1 if I recall correctly.
Ashraf and other chart geniuses - question ?
Can it be said that EUR/GBP monthly is at the top of a 4-5-year downtrend channel (November '08 high of 98.023) if you drew parallel lines along the top and bottom (trend).
Admittedly, I'm a novice (or below) technician. Just something I saw, and see now, there's no charts to illustrate it.
Off to Ireland tomorrow!
Best (trading) to all,
Rob
EURJPY is also a good idea as the partial hedge to the longer term short in EURUSD.
Another longer term trade in long EURGBP.
But any GBP trader must heed Aug 7 in mind
Ashraf