GBPUSD - Trade the News
Updated
Good morning traders,
This morning we have seen some decent numbers out of the UK in terms of CPI, PPI and RPI. These are all measures of inflation and therefore a precursor to an interest rate hike, which is what we are really interested in.
We will be employing our standard news trading strategy, i.e. watch the breakout and wait for a pullback into structure/fib levels before looking for a reason to enter.
All the best,
Mase.
This morning we have seen some decent numbers out of the UK in terms of CPI, PPI and RPI. These are all measures of inflation and therefore a precursor to an interest rate hike, which is what we are really interested in.
We will be employing our standard news trading strategy, i.e. watch the breakout and wait for a pullback into structure/fib levels before looking for a reason to enter.
All the best,
Mase.
Trade closed: target reached
Another news trade winner. A total of 12 pips drawdown for less than 5 minutes, then there was no looking back until our 80 pip target was hit.
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