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JD_FX
Sep 8, 2020 1:03 PM

Short: UK100 Short

UK 100OANDA

Description

As fear of a No-Deal Brexit looms, the £ is taking a sliding hit with the FTSE following. I have placed this trade this afternoon with the opening of the US to see if they follow suit of the European session this morning. I suspect with Borish Johnson's bullish and pragmatic approach to Brexit the market will fear the chances of No Deal being even more likely.

Stochastic has crossed the 50 Range indicating a continuation of the downwards trend.

Comment

As of now, the DOW, S&P, and NASDAQ are all down circa 3%. I believe this is going to continue the US market sell-off and watch the market tumble for the rest of the day at least.

Trade closed: stop reached

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