Sterling swirling down the drain - UK continues to crumble
Ignoring Brexit and the fundamental rollercoaster madness completely I took it upon my self today to chart out one of my favourite assets to roll long term on - Cable AKA GBPUSD.
From a technical standpoint what I am looking for is a proper solid retest of historical lows - I am not of the mind that GBP is going to die, or the UK disappear..... However I do believe that no matter WHAT the politics no matter what the fundamental law changes that may be - GBPUSD WANTS to test the low for a real period.
This is my own trade, my own opinion and my own thoughts. So please do not take it as direct investment advice - instead comment/like/share your ideas and maybe lets talk about it, always something new to learn.
For now I have a tiny tiny risk set up on this big long term trade. Time horizon of at least 3-6 months I feel, if I get lucky it will be less :)
*Butters crumpets and loads on half a jar of apricot jam*
Good hunting to all and best of luck as always.
XOXO MysticCrypto
From a technical standpoint what I am looking for is a proper solid retest of historical lows - I am not of the mind that GBP is going to die, or the UK disappear..... However I do believe that no matter WHAT the politics no matter what the fundamental law changes that may be - GBPUSD WANTS to test the low for a real period.
This is my own trade, my own opinion and my own thoughts. So please do not take it as direct investment advice - instead comment/like/share your ideas and maybe lets talk about it, always something new to learn.
For now I have a tiny tiny risk set up on this big long term trade. Time horizon of at least 3-6 months I feel, if I get lucky it will be less :)
*Butters crumpets and loads on half a jar of apricot jam*
Good hunting to all and best of luck as always.
XOXO MysticCrypto
Trade aktif:
Just like my big daddy long term BTC trade this one is paying me off HUGELY right now. Been hitting her short on super short term and holding now short from 1.40 on the longer term trades for Sterling.
I am not uncertain in regards to this asset falling down heavily from here - Not talking end of days, but close to it. All hell is going to break loose when the shit storm of who gets the power seat is decided over the next few weeks and months. Thank god I left the UK all those years ago!
XOXO Mystic Crypto
I am not uncertain in regards to this asset falling down heavily from here - Not talking end of days, but close to it. All hell is going to break loose when the shit storm of who gets the power seat is decided over the next few weeks and months. Thank god I left the UK all those years ago!
XOXO Mystic Crypto