1.For people who are holding their short positions are start taking profit out as the price has reaches Strong trend resistance.
2. It is not ok to long at this time as the Brexit is becoming the "past" and the UK central bank will more likely to take some action to make GBP stop falling .
There are few reasons that I have in mind, but I think with the two points above, the GBP will "definitely" (Very confident to say) go up on next week.
My statement will be invalid when :
1.Price shoots above with a long pin bar , and stands above the trend line with some unexpect news .
1.2 Poor data performance on UK , vice versa on EU
2. It is not ok to long at this time as the Brexit is becoming the "past" and the UK central bank will more likely to take some action to make GBP stop falling .
There are few reasons that I have in mind, but I think with the two points above, the GBP will "definitely" (Very confident to say) go up on next week.
My statement will be invalid when :
1.Price shoots above with a long pin bar , and stands above the trend line with some unexpect news .
1.2 Poor data performance on UK , vice versa on EU
Trade active:
Position : 0.8510
TP: See Arrow Above.
TP: See Arrow Above.
Comment:
40+ pips
close 1/3 position
close 1/3 position
Comment:
200 pipis so far
SL Set below 30 pips
TP:245 pips
SL Set below 30 pips
TP:245 pips
Comment:
Correction :
SL set 30 pips above
Reason why I want to close this trade is because I do not want to risk on the upcoming data (interest rate) of UK. And the volatility of this has reach to maximum , pull back might happen.
SL set 30 pips above
Reason why I want to close this trade is because I do not want to risk on the upcoming data (interest rate) of UK. And the volatility of this has reach to maximum , pull back might happen.
But with this trade, 26 pips so far.
:) Will continue to hold GBP