EURGBP playbook for this week...
We have been eyeing EURGBP shorts since last week once we saw that liquidity hunt above the 0.93, we were anticipating a squeeze lower but failed to get an entry last week, we will try again this week keeping an eye on last week mid-range for a possible entry which should come either on Monday or Tuesday, we will look for lower timeframes confirmations before entering and entry details will be shared as always with our private network members, so in the chart above we have marked the best entry zone but please don't enter blindly on this, the market is volatile and everything can change quickly, so wait for your preferred confirmation in the selling zone before deploying a position.
At the same time we will keep track of the retail sentiment here, last week they have been adding longs and we want them to keep adding longs this week too for us to get comfortably short, trade safe everybody and think twice before entering trades int his environment
We have been eyeing EURGBP shorts since last week once we saw that liquidity hunt above the 0.93, we were anticipating a squeeze lower but failed to get an entry last week, we will try again this week keeping an eye on last week mid-range for a possible entry which should come either on Monday or Tuesday, we will look for lower timeframes confirmations before entering and entry details will be shared as always with our private network members, so in the chart above we have marked the best entry zone but please don't enter blindly on this, the market is volatile and everything can change quickly, so wait for your preferred confirmation in the selling zone before deploying a position.
At the same time we will keep track of the retail sentiment here, last week they have been adding longs and we want them to keep adding longs this week too for us to get comfortably short, trade safe everybody and think twice before entering trades int his environment
We have been receiving messages from traders asking if they should be long OIL on this tweet...
So the speculation here is that Iran needs to escalate relations in the middle east to put some support on OIL prices (Iran is suffering the most from these low prices), the US embassy in Iraq has been evacuated and something might be cooking there which can blow up anytime BUT don't forget that this will not solve the OIL low demand/high supply issue so it's not time to get long just yet, any spike in OIL will likely be faded for the time being until relations between Saudi and Russia improve and supply cuts are implemented...
So the speculation here is that Iran needs to escalate relations in the middle east to put some support on OIL prices (Iran is suffering the most from these low prices), the US embassy in Iraq has been evacuated and something might be cooking there which can blow up anytime BUT don't forget that this will not solve the OIL low demand/high supply issue so it's not time to get long just yet, any spike in OIL will likely be faded for the time being until relations between Saudi and Russia improve and supply cuts are implemented...
So should you be long OIL expecting an escalation in the middle east?
No, if you want to bet on an escalation your best choice would be long Japanese Yen rather than long OIL, we tipped our private network member last week on how Japanese 10YR bonds are finding some strong support and how it will cause JPY to strengthen, which is why we are short EURJPY from 120 in the network...
Have said too much already, EURGBP doing wonders by the way
No, if you want to bet on an escalation your best choice would be long Japanese Yen rather than long OIL, we tipped our private network member last week on how Japanese 10YR bonds are finding some strong support and how it will cause JPY to strengthen, which is why we are short EURJPY from 120 in the network...
Have said too much already, EURGBP doing wonders by the way
BeSomebodyFX
EURGBP playbook for this week... We have been eyeing EURGBP shorts since last week once we saw that liquidity hunt above the 0.93, we were anticipating a squeeze lower but failed to get an entry last week, we will try again this week keeping an eye on last…
EURGBP almost done for the week, entry details were sent as usual to the private network members and played out nicely even tho we got taken out too early from it but profit is profit so not complaining
BeSomebodyFX
So should you be long OIL expecting an escalation in the middle east? No, if you want to bet on an escalation your best choice would be long Japanese Yen rather than long OIL, we tipped our private network member last week on how Japanese 10YR bonds are finding…
Don't say we didn't warn you about the JPY strength coming, we capitalized on that with the network members with a short in CHFJPY, still expect more strength for the Yen even tho the OIL market and a possible OPEC cut can shift the sentiment but anyway we will be on top of that as always with the network members, will send you a detailed JPY analysis in the coming days...
We help traders in finding the best opportunities and the best and safest trades every week so that they can trade comfortably and focus on other activities too while we do the hard work...
We just opened 3 new seats for the private network for the month of April, yes only 3 seats are available for the whole month.
Here you can read what traders have to say about us:
https://www.trustpilot.com/review/besomebodyfx.com
Contact @JayRally saying "I want to join" to claim your spot
We just opened 3 new seats for the private network for the month of April, yes only 3 seats are available for the whole month.
Here you can read what traders have to say about us:
https://www.trustpilot.com/review/besomebodyfx.com
Contact @JayRally saying "I want to join" to claim your spot
All seats taken, thanks for your interest, if you genuinely missed the opportunity contact @JayRally
Leaving this here...
Pure data, no forecast here, just sharing with you what the data and analysis is showing us, use this info as you wish...
Pure data, no forecast here, just sharing with you what the data and analysis is showing us, use this info as you wish...
Flights resuming in China, honestly it looks a bit early especially for Japan where the curve has not flattened yet at all and look at the increase in flights, this gives us wave 2 vibes that would spark a huge risk off sentiment in the markets, our pick of choice is the Japanese Yen as we have both a recession and a possible wave 2 looming in the markets and the JPY would outperform in such environment, we are already short EURJPY from 120 since March and will look for new positions upon confirmation
BeSomebodyFX
EURGBP playbook for this week... We have been eyeing EURGBP shorts since last week once we saw that liquidity hunt above the 0.93, we were anticipating a squeeze lower but failed to get an entry last week, we will try again this week keeping an eye on last…
Follow up to this analysis coming up in a few minutes
EURGBP retail still trying to pick the bottom...
Retail traders here are adding longs in size since the month started and are now sitting 43% longs (from 29% at the beginning of the month) and i expect them to reach at least 70% longs while price keep squeezing towards the liquidity zone where most of their stop losses will be
We are fundamentally EUR bearish over the long term as the eurozone is divided and failing in reaching a deal to give financial support to Europe
The chart is pretty straight forward, retest of the flag and we add shorts targeting the liquidity zone
Retail traders here are adding longs in size since the month started and are now sitting 43% longs (from 29% at the beginning of the month) and i expect them to reach at least 70% longs while price keep squeezing towards the liquidity zone where most of their stop losses will be
We are fundamentally EUR bearish over the long term as the eurozone is divided and failing in reaching a deal to give financial support to Europe
The chart is pretty straight forward, retest of the flag and we add shorts targeting the liquidity zone