GBPUSD Trade Idea on Brexit and Interest Rate Decision (July 14, 2016)

Hello traders,

As we know UK on Brexit and today on special event for Interest Rate Decision is able to increase risk of fx trades.

This is why a trading plan should be made first before we entering the markets.

Today, GBPUSD can go anywhere. First strike will upward or downward.

So, I prefer to wait on each Resistance and Support, specially major Support at the bottom.

And also new position after price has confirmed breakout/breakdown (not displayed on image below).

The picture has thousands of words, and better than my words :)

Each position will take breakeven 25/2 pips for more feel safety ^^

Selling positions at Resistance : 

Buying at major Support :

Btw, this is not a trade recommendation.

I mean you may take it as your review.

Good luck,

Yohana