GBP/USD Short Idea 1hr

11 Mar 2019

Just a quick idea, I entered a large short position for my Business account (3.89 standard lots), just waiting to see if it bounces off this slight resistance and continues the fall. I see a lot of charts pointing to a bull run, but I'm betting against it. Shooting for the 1.28 mark, but with brexit news swirling this week, I'm not really sure.

11 Mar 2019

Not

Almost got stopped out, but added to the position at the peak. Still going short, aiming for 1.30 as a bare minimum profit target, ultimately shooting for 1.28.

12 Mar 2019

Not

I moved my stop up because I really didn't want to see this trade fail, and I am glad I did that - woke up and saw the pound plummet -0.49%, which is good news for me. I am hoping it continues to fall with brexit uncertainty.