Sentiment Play Before Major Events (Past)

٢ نوفمبر ٢٠٢٤

Fundamentals & Sentiment

EUR:
- Recent economic data has been bullish, driving the euro up

GBP:
- Raised taxes - bearish in the short-term for the pound
- Recent bearish economic data

Technical & Other

Expectations
- after such a runup, the technical area is good for taking profits, especially before NFP on the same day and the US Elections next week.

• Setup: S(B)
  
• Setup timeframe: 1h
  
• Trigger: 1h
  
• Medium-term: Up
  
• Long-term: Down
  
• Min target: 50% of the upward move
  
• Stop loss: 0.26%
  
• Position size: 0.66 of the normal Risk Unit
  

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أغلقت الصفقة: تم الوصول للهدف

It can still go lower before the Elections, after some pullback.