TradingView
danial_654
Oct 15, 2019 6:50 PM

GBPUSD Short Short

British Pound/U.S. DollarFXCM

Description

Nice short, a lot of people trying to catch the sell but i believe this was the last move up.
Comments
danial_654
Broke even, was a risky trade but i closed at Break even
TraderWicks
I think there's another up leg to go... but a big reversal when the market understands that the deal will not pass through UK Parliament. There are already huge rumblings from the Tory ERG & Irish DUP that they are very unhappy with the proposed deal... and won't vote it through. When that happens... BIG reversal... probably back to 1.2450 or lower.
danial_654
@TraderWicks, I completely agree tensions are high in the parliament and I also see a big reversal coming through. Lets see how this plays out. GBPUSD is a very manipulative pair and makes sure everyone is stopped out before the initial move. Also CPI news coming out tomorrow at 9:30am, which will bring some volatility to the markets.
More