Probability:I am expecting EU to touch 1.1120 and recover to 1.1220. Hence this Buy order along with take profit.
Rational: GBP has to rise n depress EG and then pull Eur and GBP together in same UP direction while varying the distance between GBP and Eur to bring about EUrGbp correction but both moving together in same up direction.
Action: Placed pending order to buy July expiry option at 22 pips , spot price shown in picture, and sell at 32 pips .
Rational: GBP has to rise n depress EG and then pull Eur and GBP together in same UP direction while varying the distance between GBP and Eur to bring about EUrGbp correction but both moving together in same up direction.
Action: Placed pending order to buy July expiry option at 22 pips , spot price shown in picture, and sell at 32 pips .
Practice makes a person perfect
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