ridethepig

Saunders opened the gates...

Long
FX:EURGBP   Euro / British Pound
Hawks turning to doves, BOE ready with 50bp of front loaded cuts and a restart of TFS with a no-deal Brexit only weeks away. We are going to see an aggressive leg to the topside here after all the mis-pricing from a softer exit.

It makes complete sense to me that the Pound will continue under pressure in the mid-term with no break-through since the Supreme Court ruling. Invalidation comes in below the recent lows in September at 0.878x while to the topside a first target of 0.920x is within reach!

Best of luck all those trading the final few weeks in the Brexit saga.
Trade closed: stop reached: Stops couldn't hold the political noise, Pound chart updates coming over the weekend.

Comments

SL got hit.... ;-)
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ridethepig ridealong
Indeed @ridealong
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