Knife Catch to Friday Close

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

Trend Analysis

trendanalysis

25 pip stop loss, execute at close of previous 1 HR candle. $EURUSD $DXY $TLT $SPY $GLD

Comment:

Lot's of Brexit volatility today. This seems a little overextended moving from Weekly R3 to past Weekly S3 and the Weekly Pivot.

Comment:

Moved stop to 1 pip above entry, to pay for commissions!

Trade closed manually:

Closed early for 60 pips.

Comment:

It may go to the Friday's close by the end of today but I like to exit on volatility. The daily CAM S3 backtest helped.

Find the edge.

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