ridethepig

House of Commons Round 2

Short
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Round 2 is in play for the House of Commons tonight. The house are voting on whether it supports leaving the EU without a deal. Markets are overwhelmingly expecting this to be rejected, leaving the possibility of a Brexit extension (round 3) tomorrow the most likely scenario.

Expecting a soft rally on the thought of no-deal being removed. A nice pipe-dream and worth selling with stops above yesterday's high in my opinion.

Lets see how this one plays out. I leave some more pending sells above 1.32.



Trade closed: stop reached

Comments

I have taken 140 pip profit from the brexit votes so far. I have a possible set up pending for later this evening too. Any feedback or thoughts would be appreciated.

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You should take a look at the weekly & monthly & you will see there's strong bullish price structure currently
intact .
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@dbogle, We have been chopping around these levels for some months with the negotiations providing the ebbs and flows. There is nothing strong about the structure from where I am observing, only uncertainty and positioning for further downside...
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@dbogle,
I agree dbogle
I always use the weekly and monthly and then to daylies to make my decisions

GBP has been bullish for a while
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ridethepig London_fx_club
@London_fx_club @dbogle Here is the weekly chart guys
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Hi buddy love your postings , But i must have to disagree with this one

Opinions are like noses are they not ,we all have 1
have a great week
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ridethepig London_fx_club
@London_fx_club, :) Is healthy to disagree. I invite you to share your views!
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dbogle London_fx_club
@London_fx_club, Previous two months produced huge rejection candles price has been carving out a bottom .
im targeting 1.3500
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@dbogle, This might add some more colour
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dbogle ridethepig
@ridethepig, AS I said 1.3500 ...
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