Risky trade to enter during the asian market, borris Johnson due to speak later on today, all fundamentals should be pointing to a long here. but gbpusd has hit highs dating back to April 2018. a short pullback would be nice. Good Luck.
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Moved my stop loss to 1.4092 in one last attempt to catch this short, I did say this was a risky trade, but I still think this correction is due.
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Moved my stop loss once more! to 1.4105, holding strong at the moment but I think this will be the last move.
I’m lucky I got out at 1.413 damn. Too much volatility at the moment id buy it up to 1.435 but no good entry point so I’m waiting for it to get to that area and short it back down to about 1.385. Now I don’t want it to stop so the correction will be massive.
elblanco0
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I’m still in too. Prices just edging up no real volume to tell me it’s skyrocketing up. I keep adding to my shorts.
Leojosh90
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@elblanco0, Overbought on the daily rsi too. debating to add more shorts but will wait for the London session to do so maybe.
definitely due a correction. im building my positions up right now for the drop, theres plenty of liquidity that has not been taken from around 1.396 area and this lift off has been a bit over extended. i cant see a straight up move from here without a pull back.
Leojosh90
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@elblanco0, I really think it needs its correction! Ive moved this stop loss twice which I never really do! last one lets see how it plays out