GBPUSD - Upcoming weekness in GBP-Pairs! - Remember the Brexit;)
Hi Traders!
The market started to rally on 10th October really fast.
It started at around 1.22100 and rallyed until the resistance at 1.30000:
That is around 800 pips in one week!
Because of that speed, the volatility increased and then the sellers came in at 1.30000.
They were pushing the price lower and now the market tries to go up again.
Our expectation is that it will fail to go even higher.
In addition we have the Brexit in one week, so we expect the GBP to become weak.
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Thats when WE get in!!:
We use the weakness of the GBP Pairs to sell the breakout.
We only trade until the resistance, but we need a bit wider SL! Be prepared!
Our target is to reach at least 150 pips and our Stop is around 100 pips.
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Thanks to all and good luck :)!
PS: Leave a like!
The market started to rally on 10th October really fast.
It started at around 1.22100 and rallyed until the resistance at 1.30000:
That is around 800 pips in one week!
Because of that speed, the volatility increased and then the sellers came in at 1.30000.
They were pushing the price lower and now the market tries to go up again.
Our expectation is that it will fail to go even higher.
In addition we have the Brexit in one week, so we expect the GBP to become weak.
------------------------------------------------------------------
Thats when WE get in!!:
We use the weakness of the GBP Pairs to sell the breakout.
We only trade until the resistance, but we need a bit wider SL! Be prepared!
Our target is to reach at least 150 pips and our Stop is around 100 pips.
------------------------------------------------------------------
Thanks to all and good luck :)!
PS: Leave a like!