The Pound offers a great set up to enter longs here, with very good risk/reward. If filled, we may average in during the next 3 days, with the same stop, if we enter a half position initially with our buy stop order, breaking above Friday's high. Stop just below Friday's low.
Couldn't agree more. Just did my own analysis of this and came to the same conclusion. Going to Sell some £/$ PUTs. Great to see you think the same. :)
IvanLabrie
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@RJHumphries, I moved to buying GDX and EEM as my 'dollar short'.
Not trading the FX pairs for now. But this might work longer term.
JRFreeze
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@IvanLabrie, yes thus I thought the PUTs would be a good option (sorry for the pun). What is EEM??
JRFreeze
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IvanLabrie
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@RJHumphries, emerging markets, I published it, already in profit.