GBPUSD

Hey guys talking about long term, what about Brexit should we price in pessimistic expectations and predict that many of big investors will limit their exposure in the pair? So shorting it?

Just wonder...do you work for a fund? your question suggests me that you're in financial industry
 
clearly there is a strong bearish sentiment today on GBPUSD...lower high during London session is where I will initiate my short position.

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At 1.3060, I’m getting signals that GBPUSD could be initiating a full-fledged reversal south. Accordingly, I will be watching for a decent pullback from which to enter a short position, given that there could be a significant amount of room below for profiteering.
 
HUGE drop!
In fact, too much all at once!

I actually made money BUYING the pair early this morning (Los Angeles time) when GBPUSD was "oversold" and pulled back against the trend. But unfortunately, I was asleep at the time it turned around and resumed its trajectory in the "right" direction, so I wasn't there to capitalize on the pair a second time.

ScreenHunter_2548 Nov. 12 09.07.jpg


(Though I DID collect a little bit by selling it a couple of times on Friday.)
 
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