The Pound is offering an interesting setup in the daily and weekly charts. We can enter longs at market open with a stop under 1.4421, and aim for 1.52065, which will be fully confirmed if we get a strong weekly advance and don't retest the weekly mode support. I reccomend risking between 0.5 and 1%. Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/ We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Trade closed: stop reached
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GBPUSD took a nose dive out of nowhere on absolutely NO news...rigged much? I'm flat, after getting stopped for a minor loss, and don't intend on trading this pair for now. I reccomend not touching it before the 23rd, if this is going to be the norm.
2 polls released Sunday both put the leave campaign ahead of the remain camp.
IvanLabrie
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Interesting, a strange time to release that information but well. Thanks.
Things will get volatile fast at this rate.
I'll watch for now.
BernhardAnalytics
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just shorted it....
IvanLabrie
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I'd rather not trade it personally. I'll wait for something clear.
BernhardAnalytics
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gbpusd is too fast and a bit crazy, better not trade it if you are not watching it or if you are slow.
IvanLabrie
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Yes, it's too volatile right now.
Alex.Singletary
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Brexit poll
IvanLabrie
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Now? 100% bs...I won't hand them my money. Might be an untradeable chop until these events are resolved during June.
ard3413
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this is my view.
IvanLabrie
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Seems reasonable Farid. Let's see if we get reasons to sell at the top. For now, the dollar has taken a fatal blow, and there is no ground for dollar strength until more information is available.