Price action trading on GU,EU,EGBP for Brexit
Brexit Referendum day : June 23rd , 2016
Exit Polls Forecast Verdict : 50-50 (too close to call - brexit leave marginally ahead)
Citi Forecast :
No Brainer is : "This implies for the risk surrounding the UK Brexit referendum, a 5-6% rally of GBPUSD on a REMAIN vote could raise EURUSD by 2.5-3%. A 10-12% move of GBPUSD on a LEAVE vote would translate into a 5-6% move lower in EURUSD."
It presents great opportunity to trade on EUR USD, GBP USD and their alliance EUR GBP pairs.. Lets discuss on micros and macros to trade them together as we head into this major event for June 2016...
-Scoobi
Brexit Referendum day : June 23rd , 2016
Exit Polls Forecast Verdict : 50-50 (too close to call - brexit leave marginally ahead)
Citi Forecast :
No Brainer is : "This implies for the risk surrounding the UK Brexit referendum, a 5-6% rally of GBPUSD on a REMAIN vote could raise EURUSD by 2.5-3%. A 10-12% move of GBPUSD on a LEAVE vote would translate into a 5-6% move lower in EURUSD."
It presents great opportunity to trade on EUR USD, GBP USD and their alliance EUR GBP pairs.. Lets discuss on micros and macros to trade them together as we head into this major event for June 2016...
-Scoobi
Scoobi doobi doo