Nothing to see here .....( Or is there !!!!!!! )
Well take a look at this,
So if you follow us , you will have seen our earlier post about this pair which gives a better explanation .
Right now as we have mentioned on other USD pairs, there is unrest on the Greenback due to Trump's verbal antics , he's been Jawboning.
With this in mind there is always a point with pairs, where the buyers and sellers eventually step in , this has in my opinion given us a good opportunity to re reinforce our view which is, Short the GBP/USD @ safer levels of between 1.26-1.27
So the Radar is on, and we will start Selling slowly @ 1.26 levels, Why :
1. The 0.786 Fib retracement line
2. Its met resistance 3 times @ this level
3. So we don't miss the opportunity and should it retrace to the 1.27 level ( we will sell some more to average out a better price ).
Lets have a good weeks trading, before we all enjoy the Easter break
Stay tuned guys !!!
So if you follow us , you will have seen our earlier post about this pair which gives a better explanation .
Right now as we have mentioned on other USD pairs, there is unrest on the Greenback due to Trump's verbal antics , he's been Jawboning.
With this in mind there is always a point with pairs, where the buyers and sellers eventually step in , this has in my opinion given us a good opportunity to re reinforce our view which is, Short the GBP/USD @ safer levels of between 1.26-1.27
So the Radar is on, and we will start Selling slowly @ 1.26 levels, Why :
1. The 0.786 Fib retracement line
2. Its met resistance 3 times @ this level
3. So we don't miss the opportunity and should it retrace to the 1.27 level ( we will sell some more to average out a better price ).
Lets have a good weeks trading, before we all enjoy the Easter break
Stay tuned guys !!!
Comment:
Comment:
Watching like a hawk entry set @ 1.26
USD building permits / Housing starts out today
Stay tuned !!!!!
USD building permits / Housing starts out today
Stay tuned !!!!!
Trade active:
Okay so we're in the trade and will start selling in slowly should it retrace more towards 1.27
Stay alert ...... USD data out later
Stay alert ...... USD data out later
Comment:
Selling more @ 1.2765 level just below the next fib zone
Why: nothing has changed we are still leaving the EU , so this will be volatile right now
Keep a straight head and see that this is MKT noise, shorts unwinding and the stop hunters are in place so beware
Why: nothing has changed we are still leaving the EU , so this will be volatile right now
Keep a straight head and see that this is MKT noise, shorts unwinding and the stop hunters are in place so beware
Trade active:
Okay so we sold some more @ 1.2765
For an average price of 1.2680
Stop set above last high @ 1.2840
Happy trading guys and based on Today's events and the unwinding of the GBP slowly , expect further volatility in the Asian session , this is now a longer term trade to the down side
For an average price of 1.2680
Stop set above last high @ 1.2840
Happy trading guys and based on Today's events and the unwinding of the GBP slowly , expect further volatility in the Asian session , this is now a longer term trade to the down side
Trade closed: stop reached:
Well this is the power of Shorts being covered could have been worse we will dust off and focus on the other trades and keep an eye on this for the future
Officially a losing trade and its important to show these aswell as the winners
Officially a losing trade and its important to show these aswell as the winners