Dislikedhi friends i am new in this forum and its really exiting ...well i have a question for expert traders ..i am holding my longs from (1.11400 and added few more ) as per my equity ... i just want to know how does brexit will effect on euro and gbp ? and should i hold my longs or close ? every opinion will be highly appreciate .Ignored
Looking at the charts the last time we saw 1.1140 was 6 days ago. At that time, the charts were lackluster re: bullishness and the news certainly didn't support going long. I can see taking a limited shot, but NO stop in case you were wrong?!?
Please explain. I truly want to know. Sadly, IMO you're screwed now. Again, IMO, EUR/USD is taking a slow grind to 1.0950 and it's going to take it another two or three weeks to get there. Meanwhile, if you hold these longs (God, plural - longS - really?) you're going to be paying swap up the wazoo in addition to further trading losses.
My unsolicited advice is to pray for a spike and when you see one get out and take your losses. Then, develop a trading strategy that allows for the fact that you could be dead wrong on any given trade.