Trade photo and explanation

The fall out from today's tariff decision could be long and complicated. But the initial reaction is USD weakness as the market ponders if and how tariff revenue will be paid back.

I've chosen to jump on the USD weak momentum. Longing the GBP based on today's UK data.

The risk to the trade is negative market sentiment (Iran concerns?) or generally tariff uncertainty creating strange price action.

It's a 30 pip stop loss with 30 pip profit target, the stop loss is slow the open of the 'tariff news candle'.

I will close the trade before end of day to avoid weekend risk.

Please feel free to email any thoughts or questions: johnelfedforexblog@gmail.com