In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we analyse the parliament Brexit vote and amendments.
We are sure you are aware that later on this evening, all eyes will be on the UK parliament as they vote for the second time on Theresa May’s Brexit deal. It is also important to note that a number of MPs will be bringing a series of amendments to the Brexit deal for parliament to vote on. It will be hugely interesting to see how the whole Brexit ordeal is likely to play out.
From a trading perspective, if the outcome is negative for the pound we have identified two really good high probability trading opportunities. First, we would be looking to buy the EURGBP above 0.8700. Additionally, we are looking to sell the GBPJPY below 143.60.
Either way, pay close attention to risk management during these volatile events.
Parliament Brexit Vote and Amendments – Full Video Analysis
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