Euro / British PoundShort
Some Uncertainty Shorting the EUR/GBP
Short EUR/GBP @ 0.86100
SL - 0.87850
TP1 - 0.85710
TP2 - 0.85200
The COT reports below are a bit unclear although they show more entities shorting the EUR.
------NON-COMMERCIAL---|---COMMERCIAL
-------LONG------SHORT--|---LONG-----SHORT
GBP 21,400 94,000 183,500 109,600
EUR 147,000 228,000 265,000 222,400
The market is very volatile due to the upcoming Brexit news.
Trendline does show a retracement to the 61.8% soon, hopefully after i reach my TP1, possibly TP2 as well.
Using minimal risk, very small lots.
*IF/Once TP hits, I am placing a long to reach that 61.8% level @ 0.87900 which I'm almost positive is where it's heading.
SL - 0.87850
TP1 - 0.85710
TP2 - 0.85200
The COT reports below are a bit unclear although they show more entities shorting the EUR.
------NON-COMMERCIAL---|---COMMERCIAL
-------LONG------SHORT--|---LONG-----SHORT
GBP 21,400 94,000 183,500 109,600
EUR 147,000 228,000 265,000 222,400
The market is very volatile due to the upcoming Brexit news.
Trendline does show a retracement to the 61.8% soon, hopefully after i reach my TP1, possibly TP2 as well.
Using minimal risk, very small lots.
*IF/Once TP hits, I am placing a long to reach that 61.8% level @ 0.87900 which I'm almost positive is where it's heading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.