FX:GBPUSD   British Pound/U.S. Dollar
346 23 3
the price is close to the support level .
i will have my attention here to go short or long.
If it bounces then I wouldn't measure that long move, first seriuos barrier will be 1.665-1.67. US ISM indexes were really good and that means we will not see dollar weakening that much-that fast, despite that, UK is building up very slowly, the only good thing about their economy were services PMI, and that's all. If there were any reasons for GBP to strengthen, then it wouldn't fall that much and would make deeper corrections.
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OLAOLA trust512
nice comment, totally agree
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OLAOLA OLAOLA
but we should be careful with Scotland..
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trust512 OLAOLA
I totally agree. Scotland will bring in or out of the market some big orders. Scotland, if undependent, will be obviously excluded from UK GBP growth indices. Obviously there will be less income from taxes, less population to contribute to overall economical growth and less people to take credit from an UK bank. Yet UK doesn't seem to be afraid, if it would, then there wouldn't be any public talk about Scottish independency, because they (UK) would, on the first place, try to find a solution for Scotland to "stay".
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of course.but i thing that if the price will bounce and break and the trendline that means that we will have and well Fundamentals. i thnink that the support levev will not hold the price. but i must wait to see that.
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not exclude any possibility. Everything is possible.
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looking for the short entry.
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i will wait for the retrace.i will post an image.
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OLAOLA nikosda
i think it is safer to wait for a short on eur usd.. there will be big speculative movements on gbp
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OLAOLA OLAOLA
or you can enter now short on eur usd with a stop loss over 1.3 it is a safe entry
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OLAOLA OLAOLA
a stop loss at 1.3035 is more than enough to sleep well
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nikosda OLAOLA
we don 't have a retrace yet. eurusd i m already short and i have my t2 @1.27850
EURUSD
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OLAOLA nikosda
it is a safe TP but my target is even lower 1.21.. and i will add more shorts if we will have a nice bounce from 1.27.. it is possible to see a bounce to 1.3, but on this market condition.. i really don t know.
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snapshot
we are back to the resistance area. carefully here
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OLAOLA nikosda
i also entered short at this point, i don t think we will close the gap.. my stop loss is 1.63550
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OLAOLA OLAOLA
but be careful tonight we will have an another voting pool for scotland
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nikosda OLAOLA
OLAOLA good luck with your short position!i will wait to see the price action.if i have the confirmation i will enter short too!
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OLAOLA nikosda
http://research.yougov.co.uk/news/ i think here they will post the results, but i don t know the time
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OLAOLA OLAOLA
10 pm
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snapshot
i m short.target 1,59 area.
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OLAOLA nikosda
(Update) Good possibility to add short position.
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OLAOLA OLAOLA
this is what i see, and i think it is a good short
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OLAOLA OLAOLA
and this is for the Day trading
Good short position in terms of risk and reward
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