GBPUSD. Brexit/Bremain strategy
Updated
If Brexit happens, is Parity possible?...
If Bremain, 1.50 possible tomorrow and 1.60 next week.
If Brexit, first targets are around 1.34.
Beware of the spreads and possible Central Banks interventions!
Good luck!
If Bremain, 1.50 possible tomorrow and 1.60 next week.
If Brexit, first targets are around 1.34.
Beware of the spreads and possible Central Banks interventions!
Good luck!
Note
Brexit crushed GBPUSD to 1.30. When the storm calms and all leverages and requirements settle it will be a great opportunity for buying the Cable! The only good part for the UK in this is that GBP will become yet another safe heaven currency
Trade active
Shorted GBPUSD at 1.39, targeting 1.30, SL: 1.43Trade closed: target reached
Forgot to update this position. Closed at 1.29The pair has moved up since yesterday and now fully depends on BOE decision on Thursday. Mike Carney hasn´t told anything specific today, "chatting his chat" as Bloomberg said. I expect some partial measures on Thursday: BOE won´t touch the interest rates but will increase their QE. Or vice versa...
Basically, there may be one more wave down, targeting 1.26-1.25 and that will be a very nice moment to buy GBP as a long-term investment!
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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