Navigating Today's FED via GBP/USD
Updated
... expecting a new overshoot to the downside here as widely expected since last month (see attached charts) - the brexit chapters are hopefully providing you with nice reading material
we are now trading 95% odds of a hike; though the impact will be softer on the dollar than most expect and impact will weight heavier on equities ...
Sterling is one of the best ways to play the dollar strength, those who are in premium trades from 1.30x and 1.29x congratulations as we can continue to scale in at 1.28x till the 1.26x handle is taken and we can trade air below. This swing will continue to last throughout the summer, so continue to see weakness UNLESS we see a major change in stance from the FED today, odds of this are very slim.
GL to all
we are now trading 95% odds of a hike; though the impact will be softer on the dollar than most expect and impact will weight heavier on equities ...
Sterling is one of the best ways to play the dollar strength, those who are in premium trades from 1.30x and 1.29x congratulations as we can continue to scale in at 1.28x till the 1.26x handle is taken and we can trade air below. This swing will continue to last throughout the summer, so continue to see weakness UNLESS we see a major change in stance from the FED today, odds of this are very slim.
GL to all
Comment
tracking like a hawk for an entryTrade active
Comment
Comment
markets have spoken, gl to allComment
Comment
well and truly riding the pig.. stops moved to b/e Comment
getting the impression from chat that most are now lost in the trees and caught with pants by their ankles... this is a prime example of why entries are so important!!! serious lesson learned to all those entering arbitrarily. Now... lets put things in perspective for the mid term, we are still trading this map.. nothing has changed - weak hands getting shaken out hereComment
Loaded more hereComment
Comment
flawless positioning... lessons in how to scale in Comment
Comment
almost game, set and match.. 
Related publications
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.