TradingView
Rocketman
Jun 5, 2017 6:53 PM

GBPUSD: Technical and Sentimental: Short Trade Short

British Pound/U.S. DollarFXCM

Description

Larger funds seem to be increasing their short positions in GBP. It looks clearer that last week, where the chart was consolidating.

Risk: UK election kills the trade.

This is not one of my best idea trades that Rocketman's member's enjoy, but it is a trade I am taking; nonetheless with a smaller size because of the risk ahead.

Maybe in hindsight, everyone will talk about how this candle and that candle predicted a move in GBP, and "you see?! All that mattes is a chart. Blah..blah..blah..."

- Rocketman

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