In previous idea that I posted we had a look of No deal scenario which I will link it below. Here I want to point out my plan in case there is a deal and that deal is accepted by UK Parliament as well the ones in EU countries. After initial uncertainty which will give strength to
EURGBP
I will see how price behaves 0.90 and whether it will break that resistance and make new high or if we will have Failed breakout upon which I will look to sell the pair. You can see on the chart my target prices. As we are getting more clarity I would hope to add more to position after break of the support of 0.8660 targeting the price that was during June 2016
EURGBP
I will see how price behaves 0.90 and whether it will break that resistance and make new high or if we will have Failed breakout upon which I will look to sell the pair. You can see on the chart my target prices. As we are getting more clarity I would hope to add more to position after break of the support of 0.8660 targeting the price that was during June 2016
An Update of this idea after todays news that EU and UK negotiators said to have agreed on draft text of future ties post-Brexit. Still be aware that this has to be approved