GBPUSD Short on MACD, RSI divergence. Watch for Brexit vote!
Went short on the cable as it has bounced off a trend line and is displaying divergence on both the MACD and RSI indicators.
Entry: 1.4777
S/L: 1.495
TP: 1.450 (or when red trend line is reached or 5pm ET Thurs)
I will only keep this trade until 5pm ET (Thurs) as the Brexit vote results will start to be revealed sometime shortly after that. I personally believe there is very little chance of GB leaving the EU so I will probably enter a small long position whenever I exit this short.
Good Luck! Be Safe!
Entry: 1.4777
S/L: 1.495
TP: 1.450 (or when red trend line is reached or 5pm ET Thurs)
I will only keep this trade until 5pm ET (Thurs) as the Brexit vote results will start to be revealed sometime shortly after that. I personally believe there is very little chance of GB leaving the EU so I will probably enter a small long position whenever I exit this short.
Good Luck! Be Safe!
Trade active
Trade closed manually:
trade closed manually for a loss of 50 pips around 2pm. Would have gotten stopped out for a much greater loss before the turn to the downside.
