Do These 3 Things If You Opt To Jump On The Brexit Train

Brexit odds are rising: GBP/USD is crashing, things are looking cruel as more votes for leave are gaining ground.

The initial big fall came from Sunderland after a push from Newcastle. Since then, the pound found some stability but fresh results push things lower.

The low so far has been under 1.40: 1.3998 to be precise.

After the big fall, cable bounced back up to 1.42 but does not seem to provide a more meaningful momentum. Things are quite wild here with a total fall of 4.4% that is not seen every day.

So, to answer the question on top: if you are confident in Brexit, perhpas it is wise to do at least one of the following:

1. Trade with extremely limited leverage: Your broker will do that anyway and it’s good advice in such crazy situations.
2. Wide stops: Bounces are crazy are tou don’t want to lose out on an odd report from a small area.
3. Wait for a bounce: the 1.45 handle was an area the pair settled for some time.

Here is the chart that may already be antiquated: