Swing long GBPUSD
Updated
Hello everyone,
My system tells me to swing long GBP towards 1.3 area. With inflation picking up in UK the path of least resistance is up. The fed is cornered and i dont think that any type of hike will help them today. I am expecting 25bps, markets will buy usd and then a dovish speech from powell. If they pause it will be the same. Only if they cut i think that will cause some massive panic and everything will sell off but this is a far fetched idea.
Stay safe and cheers!
My system tells me to swing long GBP towards 1.3 area. With inflation picking up in UK the path of least resistance is up. The fed is cornered and i dont think that any type of hike will help them today. I am expecting 25bps, markets will buy usd and then a dovish speech from powell. If they pause it will be the same. Only if they cut i think that will cause some massive panic and everything will sell off but this is a far fetched idea.
Stay safe and cheers!
Trade active
Closed some exposure and hedged with EUR and BTC shorts. If market enters in panic mode today with SPX cracking the trendline here.. Its gonna be game over Trade active
still in this long..but waiting for the market to resolve one way or another... i am not adding to my pos so i am sitting comfy in a low risk trade.. will add if i see fuel for the next leg up. If not.. Short. i re-entered the short i had. Got stopped by but you can check the idea here. Target remains the same 
Trade active
GBP swing looks good. Stopped on the short. Will continue to add to my pos as April is a good month for GBP...Any pullback will be a blessingTrade active
Added a bit more exposure to this trade. 1.3 area looking toTrade active
De-risked.Dont like it that much nowNote
Added to my longs here a bit moreTrade active
Will probably exit GBPUSD on Monday since its going to be end of month. Been holding this for a whileTrade closed manually
Closed the pos for 3.8R in total including scaled positions. Looking forward for the next swing opportunities
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