News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • GBP/JPY...back to levels last seen in mid-2016. CCI indicator warns of pair being heavily overbought tho...#gbpjpy #gbp #jpy @DailyFXTeam https://t.co/YXLB0yehsb
  • $AUDJPY testing above the 85 handle for the first time since June 85.81 the next spot of resistance, above that, fresh three year highs https://t.co/TSsAYf0Ea4 https://t.co/d5QMlyLdpN
  • $USD deeper into support zone, 93.43 was the Q1 swing high, marks the bottom of the zone that I'm following. It's confluent with the 23.6% retracement of the bullish move that started in May #DXY https://t.co/YnLtLO9snk https://t.co/CwyGprF5Eh
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 12:05 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-10-19
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/GBWg5H9yoS
  • Heads Up:💶 ECB Panetta Speech due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-10-19
  • ECB's Vasle - There are early signs that wage pressures could become material, posing inflation risks - ECB should end PEPP in March if economic trends continue
  • China vows to curb power use of high-energy using sectors
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.54%, while traders in USD/JPY are at opposite extremes with 76.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/iRONgELA0e
  • The options market can be an excellent place to express trading ideas, as it presents numerous ways to structure trades with various risk profiles. Learn to trade the Options market with DailyFX. Download your free guide here! https://t.co/bdyYhnISCi https://t.co/4IjZOZD9LS
EUR/GBP

EUR/GBP

Thomas Long, Course Instructor

This is a selling opportunity as we anticipate the market finding resistance at some point and reversing back to the downside. There are three different approaches we can use to identify our entry at this point. One would be to sell as close to the .82737 high as possible while using that high for our protective buy stop after entry. The second would be to use a technical indicator to note changing momentum from up to down for entry. The third would be to just sell on a move down through the .80667 low. All three are fine and the choice is really a matter of personal preference. But no matter what approach you use, you still have to make sure that you make more when you are right than you lose when you are wrong. That means to use at least a 1:2 risk:reward ratio on all trades. If you risk 100 pips, look for at least 200 pips in profit as it is the money management used on the solid trading opportunities that can result in a trader being consistently profitable.
 

eurgbp 630

 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES