Shorting GBPUSD
Updated
Hello everyone
Although i am swing long GBPUSD if i see something like this happening on Monday i will scale into some short term shorts. Depends really on the PA that will develop tomorrow. I am currently hedged with shorts on EUR and BTC (BTC kinda approaching to my entry and i scaled out on the position friday and Saturday and re-entered again today. EUR did some nice profits for me and took some off also. Short term i think usd strength, medium term weakness. All is depending on what bonds will do so all eyes on US10Y this week as it will be the main driver.Be aware of month end flows next week as there will be a lot volatility.
Cheers
Although i am swing long GBPUSD if i see something like this happening on Monday i will scale into some short term shorts. Depends really on the PA that will develop tomorrow. I am currently hedged with shorts on EUR and BTC (BTC kinda approaching to my entry and i scaled out on the position friday and Saturday and re-entered again today. EUR did some nice profits for me and took some off also. Short term i think usd strength, medium term weakness. All is depending on what bonds will do so all eyes on US10Y this week as it will be the main driver.Be aware of month end flows next week as there will be a lot volatility.
Cheers
Trade active
Scaled into some shorts.. Will add shorts if it goes higher.. Entry price for now is 1.22615. Once we get past 1.122 area i will look to scale into more positions and compound. But for now i just use 0.10% risk and will scale all the way to the SL if we get there making the pos 1% or we go down from here and add below as statedNote
Scaled a bit more here. Let's see. Break below 1.21987 i will have more conviction on this tradeTrade closed: stop reached
Stopped on these. Big massive USD sell off..we wait for the top to formTrade active
Re entered the trade. Invalidation is clear. See trades here -> snipboard.io/GJUSBj.jpgTrade closed: stop reached
Stopped.still in the swing long.. Cheers
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