Rishi
GBPUSD to see 1.1750 again short term. GBPUSD H4
This 1.20 handle has been holding out really well for us, and have offered many trading opportunities (mostly shorting) in line with dollar strength.
Evident b2b hikes with risk flows and global trade fuelling dollar bid. Small correction seen over the last week or so, but still very much on track for further dollar extensions. Cable expected to see 1.17150 in the short term.
RISHIROOP 1:3 MOMENTUM TRADE 🎯40%BSE:RISHIROOP has broken out of a major channel pattern. Momentum leading to breakout is excellent with huge volume.
Price did leave a wick so it may consolidate for 1-3 days before releasing the momentum.
Look to enter 50% position at C.M.P and the rest after consolidation.
Risky traders can keep tight stop loss below 130 and positional traders can keep below the channel.
Targets: 170/190/200+
sl: below 130 or below 115
Position size according to Sl. HAPPY TRADING!
ridethepig | Fading The Highs In GBP!With Javid out Johnson had the perfect cherry pick with Rishi Sunak and now the fiscal taps can be turned on full. This medium-term swing is starting to look very interesting which is unlocking a leg towards 1.20xx and 1.15xx below:
Rishi is a typical yes man, he will do whatever Johnson wants. Those behind the curtain know it was another flawless beheading from Cummings, meanwhile a ruthless Downing Street only waiting for Carney exit on 16th March to have full control with Bailey too.
Eyes on NY selling the open, we could get a very fast swing down is USD catches a strong bid via coronavirus risk. US inflation overshooting will be enough to carry this lower.
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