FOREXEL
Long

So gonna buy this one

FX:GBPUSD   British Pound/U.S. Dollar
75 1 2
Yes there is a risk for a juicy down move still once the Britons file the papers for the Brexit. that would be fantastic! Nevertheless, see the monthly chart which shows a multi year low and attractive price to buy and to sit on.
with a wide stop this is a good buy and a crappy sell and these deals do not come around that often.
Once the Pound regains its footing all GBP crosses is gonna be fun to trade.
This posting is not about a short term intra day trade. It is about getting a good deal thats all.
hemcav
5 months ago
Hi there. Thanks for the post. What time frame you thinking on this BUY? 1 to 2 months? And what point you would like to SELL that long position? Above 1.40 or above 1.5? Keep a stop loss of about 50bps or more? Cheers
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