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

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

14 July 2016, 07:14
Yohana Parmi
0
84

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 

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