Trade weighted GBP index: Pullback starting
已更新
It appears like we can take mean reversion trades in GBP pairs. Find the most overextended currencies (JPY, NZD, AUD), the ones that have outperformed the most against the dollar, and fade them by going long GBP against them.
Risk 1 average range on each, and aim for 5 average ranges up. This more or less gets you to the Brexit Key level in the daily, which would be the 24th's close. You can wait for the index to be above the 3 day range here to be safe, or just enter at market now if more aggressive.
Credit for the trade weighted GBP chart goes to Rocketman, who expanded on my average index chart work recently and posted his. See related ideas.
Good luck!
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance1.43% on such information.
Risk 1 average range on each, and aim for 5 average ranges up. This more or less gets you to the Brexit Key level in the daily, which would be the 24th's close. You can wait for the index to be above the 3 day range here to be safe, or just enter at market now if more aggressive.
Credit for the trade weighted GBP chart goes to Rocketman, who expanded on my average index chart work recently and posted his. See related ideas.
Good luck!
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance1.43% on such information.
註釋
Looks promising, we should see a sharp rally in GBP crosses in the coming days.註釋
Plenty of room to go here.手動結束交易
Closed gbpnzd, gbpcad and gbpnzd for now.Still in GBPUSD, GBPJPY.
註釋
Closed GBPUSD and GBPJPY longs (remaining position, had closed half at the highs). I'll wait for the rates decision to act.手動結束交易
註釋
Breaking the previous daily high here seems very promising. It'll be interesting to see if the Brexit key level caps the advance or not...if it doesn't we're in for a gigantic move.
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