Volatility this week prior to Thusday's referendum vote is an unknown. My guess is that we see another jump prior to Thursday. Don't be fooled by the rejection wick; look back at 4/21 price action. I'm expecting something similar. I believe at a minimum, prices retest 1316; with potential upside of 1345. Following Thursday I'll be expecting prices to retest the daily's 20 SMA at 1260 which has also been the 14 day mode price; if prices remain on that mode cycle, we could see 1260 by the 28th.. Long position is voided below 1278 prior to Thursday.
Comment:
14 day mode at 1260; will it stay on track for the 28'th'ish?https://www.tradingview.com/chart/mAQ0Xv2a/
Comment:
Trade closed: stop reached