Based on 4H chart, it seems that GBPUSD has completed three waves and is on the way down?!
I decided to but a put option for 3 weeks expiring on Friday, October 6th with the following details: –
Strike: 1.3210
Premium: 112bps
Breakeven: 1.3098
Let’s see what happens?! I am managing this option risk through a small size trade.
The Panthenon Investment Group 