We can see price turning and making a bearish run once it enters our zone, we can also see price breaking our trendline so price should drop quiet a lot.
There was quiet a bit of strength surrounding GBP last week and we can see that calming down a little this week.
Brexit is just a money making conn anyway, do you really think the people of the UK have a say if we leave or not? nope... the government have already made there minds up what they want to happen but are letting the people think that the choice is ours... if this was really the case we would have already left the EU as the majority of people voted to leave!
People really need to think outside the box instead of following what supposed trusted high profile people say!
Think outside the box and change your mind-set or else you WILL NEVER MAKE MONEY TRADING... you might as well flush your hard earned cash down the toilet.
@Apex_Managed_Capital, it was good but not as profitable as I would've liked it to have been lol whatabout u?
ApexFX_Pro
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@gelena3000, When is it ever as profitable as we want... We always want more ;p the trick is not to be greedy haha.
Didn't have a bad week to be fair.
gkmosanga
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I have a contrary idea, i still think the GBPUSD will reach 1.3500 or even 1.3600 before a drop, just to suck all shorts.. :)
ApexFX_Pro
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@gkmosanga, You mean a little bit of manipulation? 😉
Captain_Walker
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@gkmosanga, Anything is possible. This is a choppy nervous market. We should expect large spikes. So the usual 2 x ATR may not be sufficient to avoid being taken out by a spike, if shorting.
ApexFX_Pro
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@Captain_Walker, Agreed mate, I am trading all GBP pairs with caution until this Brexit bull#hit is sorted out 👌
Captain_Walker
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@Apex_Managed_Capital, A wise decision. There is a time to hit, a time to run and a time to stay out. Avoid FOMO, save dosh!! Keep your powder dry. This thing could be a meat-grinder.
Jai30
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I haven't traded this pair recently due to the volatility however I agree this is coming down, I am just anticipating a further push to the 1.34000 area first, At this area I will be looking to sell should the confluence be there... Looking forward to seeing this one play out.