Article 50 triggered today ( Short GBP/USD )
Cập nhật
So our trade pick is for this Reason:
Pm Theresa May will action this today , It will have an effect on the ( GBP ) Short term..... and over the last few days the ( USD ) has been picking up momentum with buyers stepping back in.
Now some key things to focus on here, some key data out for the ( USD ) today, tomorrow and Friday, there is also for the ( GBP ) but the market will be focused on Article 50 .
Check the chart we are in a downtrend and have been ranging slowly of late, between 1.21-1.26. We have pierced the trend line today, and with the pressure on the( GBP ) we can comfortably assume entering short here is a high probability trade.
The .786 fib line has shown comfortable resistance and the .236 fib line has shown comfortable support ( for now ) .
Entry @ MKT or 1.24- 1.2420
TP @ 1.2150
Stop Loss set @ 1.2470 above the high of the day.
We rate this trade out of ten ( 9 )
Happy trading people !!!! and more trade ideas posted soon , however its a quiet week data wise, so be patient, you are also allowed to have days when this happens where you take your time and regroup .
Stay Tuned
Pm Theresa May will action this today , It will have an effect on the ( GBP ) Short term..... and over the last few days the ( USD ) has been picking up momentum with buyers stepping back in.
Now some key things to focus on here, some key data out for the ( USD ) today, tomorrow and Friday, there is also for the ( GBP ) but the market will be focused on Article 50 .
Check the chart we are in a downtrend and have been ranging slowly of late, between 1.21-1.26. We have pierced the trend line today, and with the pressure on the( GBP ) we can comfortably assume entering short here is a high probability trade.
The .786 fib line has shown comfortable resistance and the .236 fib line has shown comfortable support ( for now ) .
Entry @ MKT or 1.24- 1.2420
TP @ 1.2150
Stop Loss set @ 1.2470 above the high of the day.
We rate this trade out of ten ( 9 )
Happy trading people !!!! and more trade ideas posted soon , however its a quiet week data wise, so be patient, you are also allowed to have days when this happens where you take your time and regroup .
Stay Tuned
Giao dịch đang hoạt động
We entered @ 1.24Ghi chú
Okay , So this is a classic case of short coverings right now ......Stops were triggered @ 1.24 and they will be set to get triggered again @ 1.2450 so be vigilant .
We are moving our stop to 1.25 , as this is the most we are willing to give back to the market whilst the Saga continues .
Stay tuned as PM May will deliver her speech @ 1130
Đóng lệnh: dừng lỗ
Okay so we have been stopped out on this one , However we will be looking to re enter at more favourable levels in the coming days .Around 1.2540 to 1.2590 level , We are out, so we can set our alert when these levels are triggered and re assess the trade , for now no harm done, and we are not in a position where we are stuck in a trade and focusing on it . We move on for now and look to other trades.
Happy trading
Ghi chú
Okay , We were stopped out, however this will be a very busy pair next week, as we have lots of important data coming out .
We will be trading out of the events and not into them, and we looking for a safer entry to short nearer to the .786 fib line.
Stay tuned for next week .
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.