June 13, 2017 – (Trade Idea) Short GBPUSD – medium/long term, targeting new low

Mr Price Action/ June 13, 2017/ Chart Of The Day, Trade Idea, Trade Ideas Posts/ 0 comments

Hi,

 

ight after UK CPI I mentioned on Twitter I took a small, short position ( risking 0,15% ).

 

What is my thinking ( come on great UK CPI number, why the heck you are short ? ):

1. Highest UK CPI Since June 2013 would be great for GBP with „normal” economic growth. The thing is that we have high inflation based on weak pound and not because of the economic growth.

2. There won’t be a „soft” Brexit In my opinion .

3. Daily chart/one of the strategy could support that view:

 

4. FOMC and Yellen – dovish hike is priced in, looking for stronger dollar in months ahead

I have opened short @1,2707 with stop 30 pips above pre-UK election high targeting…. Well something around 1,15/1,13 ( risking 0,15% for now ). Im ready to reopen that short ( under current mkt conditions In case of stop put risking 0,3% )

The another way could be GBPUSD PUT option expiry in late November with strike price in half way of target, for example:

 

 

Please don’t hesitate to contact Us should you have additional questions. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading

Mr Price Action

 

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. 

Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com

 

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