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Looking to short GBP again this month

I will be looking to short Gbp again this month
Technically GbpUsd is on a steep move up, and very bullish
Traders are waiting at the sidelines, though - to short the cross
This has to do with Brexit uncertainty, that is still not over
All pieces of news are potentially time bombs that could send Gbp crashing down
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Maybe some more GBP weakness tomorrow

I am looking for opportunities for coming week
I like a GbpNzd short for various reasons:
Fundamentally Nzd is strong at the moment, forming a new government and doing alright
economically and internally
Great Britain is under pressure again concerning the brexit,
time is ticking for a deal
Technically Nzd has put in a daily low above 0.7,
and GbpUsd seems unable to break clean above 1.33
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Selling all GBP crosses should be the play today

I expect a huge amount of Gbp selling today after BOE decision
A rate cut from 0.50 to 0.25 is expected today from the BOE
There is a chance of easening measures, too
Traders are expected to let go of long Gbp positions and sell after the decision
The release will be hectic, and dangerous to trade ... you never know for sure
This is the reason that I decided to pull the trigger on all Gbp crosses last night
I sold GbpUsd, GbpAud, GbpCad, and GbpNzd, and had a GbpChf sell stop waiting
I took out …
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Looking for opportunities in GBP this month

This month I will be looking to trade Gbp pairs long
Brexit has had a deep impact on Gbp crosses and this is what I like to trade
When there is uncertainty and market is in doubt there are pips to be made
A plunge in Gbp will set it up for a retracement back up
I will be looking to go long after falls in GbpNzd, GbpAud etc.
gl all this month
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Five days of trading left this month

With five more days to trade left this month, I see no clear directions
GbpUsd has stalled below 1.47, and this seems a reasonable level
to hold right up to the vote - I am still sorry that I missed this move up;
I need to listen more carefully to my gut feelings next time
UsdJpy will not likely move much anymore, too
Traders will be waiting to see if there is a rate hike next month
EurUsd is above support of 200 SMA at 1.1100, and 50% Fibonacci retracement of last move up
at 1.1070 - this combi…
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GBP stronger after Brexit poll

The Pound is stronger after the release of an exit poll concerning Brexit
The latest poll in the UK shows that most Brits will vote to stay in the Eurozone
GbpUsd is up about 200 pips on the news, which seems a lot
I am selling GbpUsd, GbpAud and GbpNzd in my live account
I missed entry in the contest - but gl to all who are trading it!
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VALTRAD avatar
VALTRAD 18 Maj

В Евросоюзе :)

AdamFx42 avatar
AdamFx42 18 Maj

Yes, my bad  - the EU ;-)

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GBPUsd falling ahead of threat of Brexit

GbpUsd is falling fast triggered by fears of Brexit
Brexit of course being the case of UK leaving the Eurozone
Things are looking very bad indeed for the pair as we see on the weekly chart, first;
RSI_14 is really weak and heading to oversold without reason to bounce
because we see the RSI trend is holding the price down (red line)
Two large weekly candles down give us reason to believe in further decline,
as there is currently no reason fundamentally or technically that the pair should turn bul…
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