EURGBP Medium-Term Short
Pound is essentially tracking odds of a conservative majority, which I still think is likely (above 60%). Remember, if conservative win majority = brexit WITH A DEAL. That is massively bullish for the pound, even against USD and EUR. Therefore, favorable news during the interim for the conservatives is very bullish for the pound.
Seasonality dictates the move more likely to occur towards the later half of the week.
Also, NFCI still looks good, though there has been a drop in macro econ adjustments. My 300 IQ analysis considers this bearish for the EUR (which is more dependent on global macro sentiment right now), while supporting GBP upside potential.
Follow me if you like money, my published trades have an extremely high winrate and generally hit targets within the week they are posted.
Seasonality dictates the move more likely to occur towards the later half of the week.
Also, NFCI still looks good, though there has been a drop in macro econ adjustments. My 300 IQ analysis considers this bearish for the EUR (which is more dependent on global macro sentiment right now), while supporting GBP upside potential.
Follow me if you like money, my published trades have an extremely high winrate and generally hit targets within the week they are posted.
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