Cyclopip

So much for my bearish pound bias! It looks like the anti-Brexit sentiment is gaining support these days so I’m out of my long EUR/GBP and short GBP/JPY trades.

Reversals… reversals everywhere! Do these breakouts mean the end of the long-term trends on EUR/JPY, GBP/JPY, and EUR/GBP?

Now that we’ve seen a couple of downbeat U.K. reports this week, I’ve got another short pound trade idea with this support turned resistance play on GBP/JPY.

My second entry order just got triggered! Do you think I should hold on to this EUR/GBP long position ahead of today’s U.K. jobs release?

The ECB statement, U.K. jobs release, and U.K. retail sales report should provide more volatility for EUR/JPY, GBP/JPY, and EUR/GBP this week. Take a look at these setups!

I’m gonna try to play the U.K. top-tier events this time with this EUR/GBP correction play ahead of the BOE statement. What do you guys think?

To avoid weekend risk, I’ve decided to close this EUR/JPY short position last Friday but I’m still open to re-entering. Here’s how the trade turned out.

With risk aversion still in play and a couple of top-tier U.K. events lined up, I’m looking at these trend setups on EUR/JPY, GBP/JPY, and EUR/GBP.

So far, so good on this EUR/JPY short forex position! Even though price missed my second short order on a larger pullback, I was able to add and press my advantage.

Before I move on to my first few forex setups for this quarter, lemme take a quick walk down memory lane by reviewing my trades for Q1 2016 and the lessons I’ve learned from these.