Usually i don't trade on news, but major events like Brexit could be game change. On the other hand, preannounced events normally get priced before they happen. In my opnion brexit referendum result will not change the overall picture but could cause volatility. So my guessing is that we should be short untill and then avoid to trade the referendum day and day after.
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it is going up furhter than expected, but peak of volume is signing reversion:
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Hold this positon over brexit. This is not what i expected but sideways movement of index is showing indecision and cautiousness of investors. I don't think, and i know this is a bold statement, brexit referendum can change the direction of market, which is a short in my opnion, despite of result. But if UK vote for brexit, the fall will be stronger than in the case of remain to be the winner.
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Possible triangle:
Trade closed: stop reached
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funny
