This is a short term trade for me, usually i like to hold for a month, but want to try a theory here.
My Entry was 1.31500 SELL - Aiming for 1.29600 TP
As Expected the FED interest rate hikes stayed the same for the time being and the FEDS comments have been consistent with the current plan they have been going along with.
GBP under pressure due to brexit, and today is Super Thursday for BOE as we have the interest rate hike decision and M.Carney comments to look forward, he is notorious for not delivering which could make things interesting but with a 88% probability of the hike happening the chances of the unexpected today are unlikely.
This is not a trade i will be holding on to for long as tomorrow on FRIDAY THE 3/08/2018
PM T.May will be meeting President Macron in France to hold talks regarding Brexit and trying to gains some of France's support within the Eu in regards to the negations taking place depending on how these talks go i expect GBP to make a big move up or down as these talks directly effect GBP situation within the EU.
Ciao for now.
My Entry was 1.31500 SELL - Aiming for 1.29600 TP
As Expected the FED interest rate hikes stayed the same for the time being and the FEDS comments have been consistent with the current plan they have been going along with.
GBP under pressure due to brexit, and today is Super Thursday for BOE as we have the interest rate hike decision and M.Carney comments to look forward, he is notorious for not delivering which could make things interesting but with a 88% probability of the hike happening the chances of the unexpected today are unlikely.
This is not a trade i will be holding on to for long as tomorrow on FRIDAY THE 3/08/2018
PM T.May will be meeting President Macron in France to hold talks regarding Brexit and trying to gains some of France's support within the Eu in regards to the negations taking place depending on how these talks go i expect GBP to make a big move up or down as these talks directly effect GBP situation within the EU.
Ciao for now.