Okay the chart tells its own story here , With article 50 being given the green light to be triggered by end of march, its now putting pressure on the GBP again and the bears revelling in the antics .
Very important factors this week we have GBP data out tomorrow AV/earnings, Thursday BOE meet again and the BOJ met aswell, all eyes will be on the language .
Short GBP@ safer confluence zone between 1.3970-1.400
Stop @ 1.4060 just above the last highs.
TP @ 1.3820 by the 0.382 fib line
Happy trading people ,
Stay tuned and feel free to comment and give us the thumbs up !!!
Very important factors this week we have GBP data out tomorrow AV/earnings, Thursday BOE meet again and the BOJ met aswell, all eyes will be on the language .
Short GBP@ safer confluence zone between 1.3970-1.400
Stop @ 1.4060 just above the last highs.
TP @ 1.3820 by the 0.382 fib line
Happy trading people ,
Stay tuned and feel free to comment and give us the thumbs up !!!
Trade active:
Okay the trade was triggered off the back of GBP data this morning @ 1.4020, it missed its target so GBP bears coming out to play , keep your stop loss above the high of the Asian session @ 1.4080
As this will be important going into tomorrow okay
Happy trading and stay tuned !!!!
As this will be important going into tomorrow okay
Happy trading and stay tuned !!!!
Trade active:
Okay so GBP data missed on average earnings , but unemployment down to a surprisingly low level , this may support the sterling short term however overall view is bearish ,
We will keep you posted as the trade plays out .
We will keep you posted as the trade plays out .
Trade active:
Right the BOE meet in about an hour no surprises expected , however put a stop loss in place to lock in some profit now should we see a spike due to surprise language , we entered the trade @ 1.1420
And we are somewhat 100 pips in profit , right now the sterling is getting pounded ( excuse the pun ) but the buyers are there on the dips, so we are seeing some support at more attractive levels.
We are still bearish sentiment short term on this , as BOJ didn't reveal anything to surprising earlier and we expect this to eventually trickle slower to our target .
Stop loss set @ 1.1350, however you put yours at what you feel comfortable with or if your new to trading by all means close out for a nice profit again from us .
Stay tuned and happy trading !!!!!
And we are somewhat 100 pips in profit , right now the sterling is getting pounded ( excuse the pun ) but the buyers are there on the dips, so we are seeing some support at more attractive levels.
We are still bearish sentiment short term on this , as BOJ didn't reveal anything to surprising earlier and we expect this to eventually trickle slower to our target .
Stop loss set @ 1.1350, however you put yours at what you feel comfortable with or if your new to trading by all means close out for a nice profit again from us .
Stay tuned and happy trading !!!!!
Comment:
That's 1.3950 stop loss , sorry that was a typing error ;) !!!
Trade closed: stop reached:
Okay we are out for 70 pips profit and this is why we stipulate the parameters so you don't get caught out ,
BOE surprisingly hawkish and the markets responding hope u made some pips .....
Next trading idea coming up !!!!
BOE surprisingly hawkish and the markets responding hope u made some pips .....
Next trading idea coming up !!!!