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mlawson71
Jun 10 2017 at 11:55
1487 posts
I did not dare trade it at all. Sometimes I freeze when I see news like this affecting the market so much. Then I regret it.

snapdragon1970 (snapdragon1970)
Jun 11 2017 at 16:38
1944 posts
Some portfolio managers I know don't trade news either ,best to wait for a trend to form or scalp a spike , a straddle trade is another option would have been a good setup for this occasion.

"They mistook leverage with genius".
mlawson71
Jun 12 2017 at 10:26
1487 posts
True. As it is, the pair is still moving to the upside, I wasn't expecting that.

snapdragon1970 (snapdragon1970)
Jun 12 2017 at 12:51
1944 posts
GBP investor risk is pretty high I'm just closing my trade from 87925,took awhile for it to play out.

"They mistook leverage with genius".
snapdragon1970 (snapdragon1970)
Jun 12 2017 at 13:02
1944 posts
Doing a small short now down to 88300,if we break that next target 8800, still there is an uptrend on the longer charts with possible upside of 9000.

"They mistook leverage with genius".
mlawson71
Jun 14 2017 at 09:24
1487 posts
It even fell to 0.8770. I think that was it for the move down though, it will test the last high again.

LogiBear
Jun 15 2017 at 05:57
9 posts
I'm not sure sure I'm still short and am aiming for a big move to 0.8650

mlawson71
Jun 16 2017 at 10:48
1487 posts
It's very unclear, at least to me. I'll wait for next week for a better signal.

danas76 (danas76)
Jun 18 2017 at 10:16
18 posts
The EUR/GBP pair went back and forth during the course of the week, as the 0.88 level has offered significant resistance. I believe that the market continues to find a lot of interest in this area as it has been so resistive, and of course this pair is going to continue to be volatile because of the British leaving the European Union. This means there will be a lot of headline risk going forward, so it is a bit difficult to trade this market with any significant amount of size. However, if we can break above the top of the candle for the week, I feel then we go looking for the 0.90 level above. This is a market that has been in an uptrend for some time, but we also have been consolidating for the entirety of this year. A break above the top of the range for the week would break out of that consolidation, and that of course is a very strong buy signal.

mlawson71
Jun 18 2017 at 12:10
1487 posts
The pair appears bullish, but whether it will break out above 0.8865 is a matter of debate for now.

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