Though overall sentiment on GBP and its weekly chart all point to bearish, just riding the (most likely) last bullish wave on the head and shoulder pattern on its daily chart before going short after the BoE Rate news tomorrow. Going long with TP @148.260 and a very tight and conservative SL @146.442.
express.co.uk/finance/city/997306/Pound-euro-exchange-rate-GBP-EUR-currency-UK-factory-activity-slows
Daily:
Weekly:
Confidence: C (because this is risky especially the USD news later at 8 & 10pm GMT +8 will definitely affect both GBP and JPY, and also cause more volatility so higher chances of getting whipsawed)
express.co.uk/finance/city/997306/Pound-euro-exchange-rate-GBP-EUR-currency-UK-factory-activity-slows
Daily:
Weekly:
Confidence: C (because this is risky especially the USD news later at 8 & 10pm GMT +8 will definitely affect both GBP and JPY, and also cause more volatility so higher chances of getting whipsawed)
Trade closed: stop reached
At least the loss is very minimal :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.