Building longs as we approach the 76.4% retracement in EURGBP...
Aktualisiert
=> The heavy selling we have seen here as a result of the 'relief rally' in sterling after expectations of a second referendum entered the picture. This fairy tale is starting to exit the stage via the fire exit and we are heading back to reality.
=> This means that the odds of a no-deal Brexit outcome are going to once again take the spotlight and we are set for a bloodbath in sterling.
=> Here we can see EURGBP approaching the 76.4% retracement of the entire 2017 rally after breaking out the channel we made in 2018.
=> In our books we see this as a great buying opportunity for the cross as the Euro is offering great value for those in the UK.
=> The risk to our idea is if we break-down lower and close below this will imply that we are setting a more meaningful medium term top.
=> This means that the odds of a no-deal Brexit outcome are going to once again take the spotlight and we are set for a bloodbath in sterling.
=> Here we can see EURGBP approaching the 76.4% retracement of the entire 2017 rally after breaking out the channel we made in 2018.
=> In our books we see this as a great buying opportunity for the cross as the Euro is offering great value for those in the UK.
=> The risk to our idea is if we break-down lower and close below this will imply that we are setting a more meaningful medium term top.
Anmerkung
Finally we managed to get 0.853... Long positions filled and we are ready to start this next leg to the upside.Trade ist aktiv
Anmerkung
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.