The Cable (GBPUSD) charts shows a down trend on the daily and weekly charts. This is consistent with a long term view of the US economy doing better than the UK according to recent data releases. An initial impulse has broken a 4H up trend to the downside and has retraced to 0.618 during the 17 Dec 24 Asian session.
I have gone short at 1.2700 and SL 1.2770. I have two targets: first TP at 1.2630 and second at 1.2570 giving risk to reward ratios of 1:1 and 1:2 respectively.
Caution is advised as the FOMC are announcing their Dec interest rate decision this Weds and UK BoE on Thursday. I shall review positions in about 24 hours therefore.
I have gone short at 1.2700 and SL 1.2770. I have two targets: first TP at 1.2630 and second at 1.2570 giving risk to reward ratios of 1:1 and 1:2 respectively.
Caution is advised as the FOMC are announcing their Dec interest rate decision this Weds and UK BoE on Thursday. I shall review positions in about 24 hours therefore.
交易進行
As a precaution I closed half my position at break even prior to UK CPI data release at 07:00 GMT. This came at 2.6% as expected. Half a position still open for now.手動結束交易
I've closed my trade for a small profit ahead of the FOMC announcement. The price has been going sideways and I prefer to sit this one out.
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