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GBPUSD @ 3 week put option expiring, Friday Oct 6th

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.

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