ridethepig | GBPJPY Reversal
Rationale
📌 What we are trading here is dangerous and involves an obligation to bet against the UK economy. What has worth in life is worth risking for. By stepping against the flow here you are staying clear of over extension, and trapping unaware retailers. It is wise to jump the gun at these levels with excellent r:r. Be bold with the swing as 118 acts like a magnet.
![ridethepig | UK Elections [LIVE COVERAGE]](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
For those with UK exposure, everything must be cleared at a cost as the Brexit complications carry on and on. The sharp and dispassionate traders can learn quickly to protect as the government causes maximum damage. It is obvious for us (since we have studied the details) that any opposing view which stops an otherwise rationale argument that No-deal is coming should be considered hot air and political spin.
This brings us closer to an understanding that in the immediate term, whether you are a Brexiteer or remainer, and whether you choose to subscribe to Johnson and Cummings promises of UK prosperity, the reality is that changes to supply chains and demand are coming as a result of losing market access... At least in the Short-term and that is a FACT. We must in my view, look at the facts that show inflexibility on both sides which will keep GBP on offer.
Thanks as usual for keeping the feedback coming 👍 or 👎
📌 What we are trading here is dangerous and involves an obligation to bet against the UK economy. What has worth in life is worth risking for. By stepping against the flow here you are staying clear of over extension, and trapping unaware retailers. It is wise to jump the gun at these levels with excellent r:r. Be bold with the swing as 118 acts like a magnet.
![ridethepig | UK Elections [LIVE COVERAGE]](https://s3.tradingview.com/c/cZEkRhfo_big.png)
For those with UK exposure, everything must be cleared at a cost as the Brexit complications carry on and on. The sharp and dispassionate traders can learn quickly to protect as the government causes maximum damage. It is obvious for us (since we have studied the details) that any opposing view which stops an otherwise rationale argument that No-deal is coming should be considered hot air and political spin.
This brings us closer to an understanding that in the immediate term, whether you are a Brexiteer or remainer, and whether you choose to subscribe to Johnson and Cummings promises of UK prosperity, the reality is that changes to supply chains and demand are coming as a result of losing market access... At least in the Short-term and that is a FACT. We must in my view, look at the facts that show inflexibility on both sides which will keep GBP on offer.
Thanks as usual for keeping the feedback coming 👍 or 👎
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