6h (edited) • Archie Trade Analysis
GBPUSD Short
I've gone short GBPUSD last night why?
Fundamentally this is a setup I've watched to short for the whole year. The UK is in a real mess and rate cuts are really needed. The US is in a much better place and can stay on hold, Kevin Warsh is a more dovish candidate but I expect to be out of this trade before he steps in.
Technically it's only just aligned for me to get into this position.
This shows the power of combining technicals and fundamentals as I would have been wrecked if I just went on the fundamental view. When I talk about fundamentals giving you the direction and technicals giving you the timing this is exactly what I mean!
US CPI print today I expect to come in HOT with war inflation driving it higher. This gives enough time to get to target before GBP GDP to influence the trade.
Potential to hold this trade for weeks-months depending on how these prints come out and how the war continues.
CPI today will make or break this trade so it's a little high risk but entry on a 4hr chart gives breathing room (the joys of swing trading).
This post is for educational purposes ONLY. Before you trade always make sure you do your own analysis and stay independent!
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GBPUSD Short
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