GBPUSD - long

Jun 4, 2017

A symmetrical wedge CS pattern is observed. Opt to go long ahead of UK election and before next FOMC.
Entry point: 1.288
Exit point: 1.304
Stop loss: 1.285

Watch level 1.285 if price breaks downwards.
If price breaks downwards, it may look for 1.278

Jun 4, 2017

Note

Apologies, this was posted before I came across the London Bridge attack. Pound may drop initially at market open on Monday but I am still holding view to go long.

My sincere condolences to the victims and their families. Don't let them get to you. Stand united and rise!

Jun 5, 2017

Trade active

Upper wedge limit breached, running trade at 1.291

Jun 7, 2017

Order cancelled

Setup cancelled and changed to sell. The poll gap between Troy and Labour is too close for comfort. Looking for 1.2650 level.
Looks like PM May get lesser majority or even a hung parliament.