QuantumLogicTrading
Short

Fade GBPUSD Topside - Brexit and Fed downside carry

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             closes below the 95% reversal SD             Channel line, also LSMA gains momentum past price action indicating a pullback is close..

Short term is bullish but no interest in GU topside.

INSTEAD we let the bullish technicals play out, hopefully carrying us back to 1.465-7, then we SHORT from these levels where several resistance levels lie and volatility resistance tightens.

I love the SHORT GU play every time until the 15th this month..
1. FED hawkish momentum continues to be priced into LOWER GU - only 24% is currently priced in, this may/SHOULD become > 40% which is lower GU.

2. Brexit uncertainty will indefinitely take us to 1.40-3 by the 23rd of june.

thus shorting GU from 1.46-7 can give us 8-1 reward-risk... 50 pips risk 400pips TP down to 1.43/42 by the 23rd of June..

GU lost 700pips in december after the last hike, it is very sensitive to US Fed - unlike UJ and EU
PLUS US stock rally will likely add to natural $$$ demand vs GBP - FTSE is doomed and in structural over supply #noinnovation
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