GBP: Red news on GBP-cpi might deliver between 50-80 + pips
Updated
Whichever way you look at it folks, 50-80 pips will be made available.
The red news release for the GBP-CPI might just do that.
See two possible blue scenario price action layouts should the red news come out worse than expected. There is also an orange scenario, should the red news come out better than expected.
Note the following price action: This morning price broke the Asian high during the London open and immediately went south to take out the Asian low. In this area is where price is waiting for the news to be released. Someone is knowing something, then again, someone might also know nothing.
Just know, anything can happen and it will happen.
Keep the odds in your favour
The red news release for the GBP-CPI might just do that.
See two possible blue scenario price action layouts should the red news come out worse than expected. There is also an orange scenario, should the red news come out better than expected.
Note the following price action: This morning price broke the Asian high during the London open and immediately went south to take out the Asian low. In this area is where price is waiting for the news to be released. Someone is knowing something, then again, someone might also know nothing.
Just know, anything can happen and it will happen.
Keep the odds in your favour
Trade closed manually
Well folks, the red news even exceeded my expectations, it came out far worse than expected: market expected 2.7 and it printed at a dismal 2.5. Taking home 129 pips to be exact having used 3 lots. Be well and trade safe, remember, anything can happen.
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