2. It is not ok to long at this time as the Brexit is becoming the "past" and the UK will more likely to take some action to make GBP stop falling .
There are few reasons that I have in mind, but I think with the two points above, the GBP will "definitely" (Very confident to say) go up on next week.
My statement will be invalid when :
1.Price shoots above with a long , and stands above the with some unexpect news .
1.2 Poor data performance on UK , vice versa on EU
TP: See Arrow Above.
But with this trade, 26 pips so far.
:) Will continue to hold GBP
close 1/3 position
SL Set below 30 pips
SL set 30 pips above
Reason why I want to close this trade is because I do not want to risk on the upcoming data (interest rate) of UK. And the volatility of this has reach to maximum , pull back might happen.