Coneyhull
Short

GBP/USD - Brexit Aftermath

FX:GBPUSD   British Pound/U.S. Dollar
OK, so the UK voted to leave.

For the last week the Cable has risen from approx 1.4 to 1.5 with the markets anticipating a Remain vote. So, during the Ref. vote count the volatility increased and we hit below 1.34. which is only a 6c correction if you discredit the market moves over the previous 7 days.

Anyways, at the moment we have had a bounce back off of those all-time lows and hit resistance at 1.396. This morning the channel was bullish ; hitting just under 50% fib level. However, this may suggest that the trend actually has lower, lows to hit and i believe we are now in a sidewards/downwards channel.

The principles of breakout apply. Only advice is watch the news and wait for all the big players to speak; Carney, Draghi, Yellen, Cameron, Osborne etc...
Coneyhull
5 months ago
snapshot


Perfect entry point. Made some very good money from that small move.
Reply
Coneyhull
5 months ago
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out