Sterling has been blasted lower after BoE governor Carney cast doubt on a previously pretty-much-expected UK May rate hike. The EU's rejection of Britain's latest Brexit-Irish border plan only served to deepen the rot.
Squawk / 09 June 2016 at 8:22 GMT
Hypothesis Testing
United Kingdom
Update on yesterdays suggestion.....
Looking for dollar bias
longs $chf currently +20
longs $cad currently +34
shorts therefore
cable now +58
euro$ now +33
Reasonable day it seems so far.
Note I also suggested in the main article to avoid yen...we are seeing a falling knife effect there.
Invinci Invinci
Hi fxtime - what was your thinking on the USD bias today? Was the post Fri sell-off overdone?
fxtime fxtime
This strategy is based on ROC and RSI5 overlays and looks for turning points as compared to other is taking an earlier article a step further.
See link attached as it outlines the basics.
I have just tried to open yesterdays article to see if I mention it there but there seems to be a technical issue as it will not open LOL so hopefully this link works for you?
fxtime fxtime
As mentioned in the original article.....when a trade reaches 85pips then take the profit which is exactly what has happened with the eurusd pairing :-)
I am also covering my $CAD and $CHF for a total 96pips profit
Also due to time constraints I am covering the cable tarde for only +29pips
Total gain = 210pips
I have the joys of parents evening today but first I have to get to the school for the first appointment at 3:15pm BST so covering trades now.
Happy trading everyone.


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