BREXIT BREAKOUT - Talk about a big squeeze!
So GBP is being strangled by pretty much everyone right now. Litteraly the asset is in a massive chokehold and fighting for the air to breathe.
With so much daily fundamental news the emotion of this asset can be likened to Bridgit Jones, or Madonna, or maybe that blondie who named her kid after a fruit....Basically its a hormonal mess of epic proportions.
So weirdly enough my analysis is screaming smash the FIB lines up and ride the waves of breakout.... But the trader in me recommends PUT for end of the day from here.... Like I said hormonal mess.
Ride it, but take some safety gear. My money and that of my clients is on the PUT train - Hopefully the driver isn't wasted again..... ;)
With so much daily fundamental news the emotion of this asset can be likened to Bridgit Jones, or Madonna, or maybe that blondie who named her kid after a fruit....Basically its a hormonal mess of epic proportions.
So weirdly enough my analysis is screaming smash the FIB lines up and ride the waves of breakout.... But the trader in me recommends PUT for end of the day from here.... Like I said hormonal mess.
Ride it, but take some safety gear. My money and that of my clients is on the PUT train - Hopefully the driver isn't wasted again..... ;)