Short: UK100
As fear of a No-Deal Brexit looms, the £ is taking a sliding hit with the FTSE following. I have placed this trade this afternoon with the opening of the US to see if they follow suit of the European session this morning. I suspect with Borish Johnson's bullish and pragmatic approach to Brexit the market will fear the chances of No Deal being even more likely.
Stochastic has crossed the 50 Range indicating a continuation of the downwards trend.
Stochastic has crossed the 50 Range indicating a continuation of the downwards trend.
Note
As of now, the DOW, S&P, and NASDAQ are all down circa 3%. I believe this is going to continue the US market sell-off and watch the market tumble for the rest of the day at least.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.