Results of Brexit referendum in the UK shocked forex market and trading floors all of the world. Such abrupt changes of the course of currency pairs did not happen for a long time. These volatile movements provide an excellent opportunity to earn money in a very short period of time. Suffice it to sit on the trend and ride it to the end of the day. British Pound has fallen historically. Such movements point to strong emotion traders and investors wary. After such a sharp collapse of quotations of currencies you can always count on the second tick on the chart.Therefore, if the stock market will remain in pessimistic mood on the British pound, we will open a short position on a break of and join the Bears.
The price is below a 200 MA and 20 MA indicating .
The trend indicator is below zero level now, indicating movement.
If the is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Sell
• The level of entry into short position 1.3210
• The level of profit and close the position: 1.4100 (100 pips)