Hi guys, first published trade went well. So I thought I'd share my second. Slightly longer time frame for this one to come to fruition but stay with it.
I have been keeping an eye out on how the pandemic will effect both economies and subsequently currency. As the US is slightly behind the UK and will expect to peak with mortality rate later than the UK's expected peak which is today this could fundamentally be sound. **Actual peak is looking to be a little further down the line but I'm more concerned with regards to this how investors are feeling.
The primary reason for this trade is the trend line and support/resistance level highlighted. I like to keep an eye on the fundamentals as well however. Especially during this time.
If you like the look of this trade please give us a like and I'll continue to do more.
Cheers, Charlie.
I have been keeping an eye out on how the pandemic will effect both economies and subsequently currency. As the US is slightly behind the UK and will expect to peak with mortality rate later than the UK's expected peak which is today this could fundamentally be sound. **Actual peak is looking to be a little further down the line but I'm more concerned with regards to this how investors are feeling.
The primary reason for this trade is the trend line and support/resistance level highlighted. I like to keep an eye on the fundamentals as well however. Especially during this time.
If you like the look of this trade please give us a like and I'll continue to do more.
Cheers, Charlie.