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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