Sentiment Play Before Major Events (Past)
Fundamentals & Sentiment
EUR:
- Recent economic data has been bullish, driving the euro up
GBP:
- Raised taxes - bearish in the short-term for the pound
- Recent bearish economic data
Technical & Other
Expectations
- after such a runup, the technical area is good for taking profits, especially before NFP on the same day and the US Elections next week.
EUR:
- Recent economic data has been bullish, driving the euro up
GBP:
- Raised taxes - bearish in the short-term for the pound
- Recent bearish economic data
Technical & Other
Expectations
- after such a runup, the technical area is good for taking profits, especially before NFP on the same day and the US Elections next week.
- Setup: S(B)
- Setup timeframe: 1h
- Trigger: 1h
- Medium-term: Up
- Long-term: Down
- Min target: 50% of the upward move
- Stop loss: 0.26%
- Position size: 0.66 of the normal Risk Unit
Trade closed: target reached
It can still go lower before the Elections, after some pullback.
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