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Obviously with the “Brexit” effect on the UK economy, today’s release could still surprise, and as usual, we’ll follow the trade plan below and only trade if and when we get our tradable deviation. 4:30am (NY Time) UK Revised GDP q/q Forecast 0.3% Previous 0.3% The Trade Plan However, we´ll still be looking to trade the release using our after news retracement method. Our surprise factor is around 0.3% as we´ll look to possibly SELL GBP at 0.0% or worse, and BUY GBP at 0.6% or better. Historically, if there is a 80% of chance that our S. Factor hits, the market will move up to 50~70 pips within the hour as GDP is a very high impact report. For more information on my news trading methods: https://www.currencynewstrading.com/how-to-get-started-with-news-trading/ I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: GBPUSD. Outlook Score Definition Thanks,
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UK Revised GDP q/q | May 25, 2017 | Currency News Plan
May 21, 2017 by Leave a Comment