We all would love to be able to call the top. I have been burnt to the tune of 25k or so the last few days trying to short a "top".
Fact is after much further chatting and some back to basics trend analysis over the Long Mid and Short term as of right here and now today the signals are strong bullish and for LONG.
So that is what I am doing. Hoping for this...
Quite obvious that the bears are out to try and slaughter what remains of the pound.
Losing politicians, losing football, losing trade....not to mention the shit weather!
Here is a simple retrace action trade. Perhaps 1.33 is a little optimistic but we will see a retrace. Check out my SPX500 trades to work out why ;)
End of hour, end of day calls on GBPUSD - That's my 50p
