GBPUSD: SELL/FADE CABLE ALGO SPIKE @ >1.45
Unknown quantity just repriced GBPUSD right into my sell limit zone of 1.45-1.465 (see attached article).
Im recommending getting on the cheap risk NOW as FOMC and BREXIT REF can only price GU lower in the coming days/weeks - get it now whilst its cheap!
IMO there are 2 things it could have been 1. Algo/ flash buying 2. Some asia-lead Brexit poll that came back "no leave.
Either way both dont have much grounding.
HOWEVER
whatever it was MAY set us up for more GU buying today at some point so make sure you have more SELL LIMITS to take advantage of any further upside volatility that you can get some downside GBP risk cheaply!
SELL LIMITS @ 1.455, 1.460, 1.465, 1.469
Im recommending getting on the cheap risk NOW as FOMC and BREXIT REF can only price GU lower in the coming days/weeks - get it now whilst its cheap!
IMO there are 2 things it could have been 1. Algo/ flash buying 2. Some asia-lead Brexit poll that came back "no leave.
Either way both dont have much grounding.
HOWEVER
whatever it was MAY set us up for more GU buying today at some point so make sure you have more SELL LIMITS to take advantage of any further upside volatility that you can get some downside GBP risk cheaply!
SELL LIMITS @ 1.455, 1.460, 1.465, 1.469
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.