Looking for moves back to the down side, took 2 shorts from 141.797, closed one position almost immediately for 20 pips, perhaps the fastest 20 pips i have ever stolen from the market. now stop is at entry for second position and looking for big moves to the down side. Think over the next few days moving closer to the election date we will see the £ fall.
Looking to enter a short term long position after rejection of (new) daily trend line, aiming for 60 pips R:R - 3. Hoping for a double top for confirmation to enter a longer term short entry, purple highlighted area is resistance area, a rejection of this area and daily close below 109.000 will confirm my entry. R : R - 7, aiming to retest 107.00 area.
more delays for brexit should see big gap down and a return to retest previous lows.
if deal is agreed then we should see gap up and continued strength in the pound.
honestly, i have stopped day trading the pound, it is very volatile and now looking for longer term positions.
As a young person in the UK i feel my views have been forgotten about. To anyone over the...