EUR/GBP

I shorted on this pair, TP is 0.8600.

86400 is a support level so be careful

keep an eye on GBP/CHF too ,we had a recent spike through the lower BB on EUR/GBP.

Carney speech later, might see some action, on the daily chart Eur/Gbp looks bullish to 89 but that's a long way away, Brexit is looking like shaky jelly.

snapdragon1970 posted:
86400 is a support level so be careful

You’re right, it was. So much about that short. Good news is that there’s a double top at 0.8765.

Bullish open on EUR/GBP on possible hard BREXIT
Not a trade I want to be in until London open.

Small long position from 88297-88352 just closed out at 23.25, good timing, may go higher but I'm ok with that.
That's 13% now on the Live challenge account.

I have a long position too, TP is at 0.8810.

Now, I am bearish here! Basically, I am now looking for good point around 0.8724! If market moves aggressively they I will try to make my entry point in order to intraday context of Forex market! Actually, last week I was busy with some personal issue, that’s way I missed golden opportunity of selling around 0.88107, let’s see what happens.

The pair is consolidating, I am not opening new positions before it picks a direction.

Theresa May is coming under pressure to say whether she knew about a reported misfire of the UK's nuclear weapons system before a crucial Commons vote. The MP is to meet Trump next week, on Monday she will be asked again in the House of Commons about the Trident Missile going off course.

Any opinions about Brexit Supreme Court Ruling on Tuesday ??

What Brexit Supreme Court ruling? What did I miss?

Way2Riches posted:
Any opinions about Brexit Supreme Court Ruling on Tuesday ??

This might give you some clues, I doubt they will run against the public vote.

https://therestlessrealist.com/posts/initial-thoughts-on-the-brexit-rulling

mlawson71 posted:
What Brexit Supreme Court ruling? What did I miss?

Judgment in these cases will be delivered at 9:30am on Tuesday 24 January 2017.
https://www.supremecourt.uk/news/article-50-brexit-appeal.html

I have a long position off 85940

The ruling less likely to turn positive for Theresa May and so could be rule in favor of Parliament. In that case EUR/GBP could sell off to 0.8400 and even lows possible. However results uncertain. This time longs are required to take caution or take partial profits and come again when there is advantage. EUR/GBP outlook is more of downside as strongly rejected at 0.8850 which now act as major resistance then next at 0.8750 .08725 .

Above 0.8725 is a positive development and below 0.8600 is starting bearish and turning negative. Any comments .


https://www.reuters.com/article/us-britain-eu-article-idUSKBN1571HA

The move you see now is on speculation of tomorrows event , we will probably see a sell off before the event, the results are uncertain, are they going to act against the vote of the people? Some tough conditions with approval I would guess, If its a unexpected result all previous support and resistance will be questionable. I would say there are a lot of positions sitting down at 8600, 86500 on the up side we need to break. Coming into the close we will get a better idea of what may happen tomorrow.

I would keep an eye on UK stocks as well, the UK100 index just to see what's happening, is there a sell off or are they buying, where's the better return.