TElphee
Long

GBPUSD long off election news in anticipation of Fed.

FX:GBPUSD   British Pound / U.S. Dollar
Logistic Wealth Management
Strategist-Tanner Elphee
6/12/17


GBPUSD sold off harshly after election results.

Me being the novice trader I am jumped right in off the first woosh bar. Set my stop behind the first wick and through the night it stopped me out.

In hindsight the stop was way too close and I really have no clue what is going on in UK.

I know the USD is expected to fall, if move at all, Wednesday after the fed meeting. That being said XXX/USD pairs should continue to rise like eurusd .

The whole situation is out of the ordinary and this setup looks too good to miss again. I've waited patiently and here is my precision entry. I'd certainly expect a reasonable fill between now and Wednesday.

GBPUSD short 50k
Entry 1.25708
Stop (no place particular) 1.26500
Target 1.295

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Order cancelled: Never triggered unfortunately. However price is not picking up like expected. No fill maybe for the better.
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