Daily thread to exchange ideas and to share your thoughts
Right then, let's be having you :-). Who has a great trade idea to share with us all? I am currently flat after my GBPUSD longs hit the 200 EMA on the daily chart, so I am open to new ideas. What do we think folks, more GBP upside? Tell all below in the comments section. Justin's excellent comments from January 17 still hold true today.
I reckon the trading landscape now rewards those who adapt to changes in the risk narrative more than anything else, unless you favour trading the EUR/USD range and sterling volatility from Brexit. Otherwise, it's very much a case of waiting for breaks on the technical chart and going with the risk narrative before switching it up on the next shift in focus in the market.
Let's kick the day off with a classic to reflect the 'erase and rewind' nature of the changing sentiment. Boy, we are a fickle bunch...
