GBP crosses/Trade Ideas

GBP looks like a decent risk-reward long play

  • Cable has formed a double-bottom with a neckline at 1.5150; reasonably good risk-reward in being long with stop-loss below 1.5130.
  • EUR/GBP has failed on 4 separate occasions near .8590 and a clean break below .8530 could lead to a sharp 100 pip sell-off?

(Talking my position as usual).

Leave a Reply

Your email address will not be published. Required fields are marked *