The exit polls for the UK election have suggested that Theresa May will be unable to hold onto her majority in parliament, creating the panic selling in GBPUSD that we have been planning for since Tuesday: https://www.fxstreet.com/analysis/gbpusd-trade-beginning-to-align-for-election-thursday-201706061411

Whether traders were able to capitalise on the opportunity would depend to a certain extent on which triggers they chose for their entries and at what point their four-hourly charts closed, as different patterns would arise. However, almost all should have been able to capitalise on this setup, which is still in play.

RISK DISCLOSURE: Trading foreign exchange (FX) and contracts for difference (CFD) on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in FX or CFDs you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with leveraged trading and seek advice from an independent financial advisor if you have any doubts.

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