If GBP stays where it is or moves down before CPI at 4:30AM EST, I am entering before report....long. My proprietary indicator tells me to do so. In fact, I am long now at 1.6695. It may be too soon to enter, but it looks real good right now. We'll see. I am in with a 3rd of my stack.
For those of you that are more conservative, it might go down to 1.3760 in which case, I will ad to my position.
UPDATE: This trade worked out beautifully...to the T. Added to my position as it came down and took profit of 40. I think I will be getting back in long when given a chance.
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