ridethepig

Building longs as we approach the 76.4% retracement in EURGBP...

Long
ridethepig Aggiornato   
FOREXCOM:EURGBP   Euro / Sterlina
=> 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.
Commento:
Finally we managed to get 0.853... Long positions filled and we are ready to start this next leg to the upside.
Trade attivo
Commento:

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.