This thread is only for those who are trading the GBP pairs during the Brexit decision. Discussion will be focused on establishing high probability trades from key technical levels.
The Brexit timetable for this week is shown with the key dates.
https://www.bbc.com/news/uk-politics-47514248
I will be posting my charts to show from where I think it would be best to buy the GBP since I do not think that the U.K will leave without a deal.
That pairs that I will be trading this week are:
GBP/USD
GBP/CAD
GBP/CHF
GBP/AUD
GBP/NZD
GBP/JPY
Strategy:
1. If the vote by March 12 passes, then buy GBP.
2. If the vote by March 12 fails, then wait for the March 13 vote. If the March 13 vote fails, then wait for March 14 vote. If the March 14 vote passes, then buy GBP.
GBP pairs can be very volatile and it is required to have a wide stop. The price can also be influenced by economic data releases or other news this week.
The Brexit timetable for this week is shown with the key dates.
https://www.bbc.com/news/uk-politics-47514248
I will be posting my charts to show from where I think it would be best to buy the GBP since I do not think that the U.K will leave without a deal.
That pairs that I will be trading this week are:
GBP/USD
GBP/CAD
GBP/CHF
GBP/AUD
GBP/NZD
GBP/JPY
Strategy:
1. If the vote by March 12 passes, then buy GBP.
2. If the vote by March 12 fails, then wait for the March 13 vote. If the March 13 vote fails, then wait for March 14 vote. If the March 14 vote passes, then buy GBP.
GBP pairs can be very volatile and it is required to have a wide stop. The price can also be influenced by economic data releases or other news this week.
Don't Worry Be Happy