ridethepig | EURGBP Positional Play

📍 EURGBP

What are we trading here?

A counter any false conceptions that we will see a Brexit deal. All headlines produce an immediate effect for trading: wait patiently and quiet and justify fades:

Here the static weakness of GBP can clearly be recognised. Any idea of pullbacks into support will be short-lived. These remain our key loading zones with positional swings!

- In this case, Buyers will refuse sellers the freeing breakdown to prevent any cheap entries.

A ruthless strategy from Downing Street to avoid any extension flanks, and try rather to operate under the premise of No-deal. The strongest hands will be rewarded; one should hang on to the bearish UK story as long as possible.

Thanks all for keeping the support coming with likes, charts, comments and as usual keep the feedback coming 👍 or 👎

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A quick update here as we are back to square one after stops held by a few ticks.

Tracking the same targets, same GBP weakness and actively buying any dips.