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Stay safe in your trading before the UK referendum vote. Key levels to lean against.
he UK referendum is upon us next week. Will the UK stay “In” or will they opt “Out”. In either case, traders will be nervous. Liquidity will likely be limited. Look for extremes BEFORE the event (that means at the beginning of the week – not and hour before the event!) Lean against them. IF the extremes are broken, get out. If you get lucky against risk defining extremes, take your profit and be happy. This is a week for the professionals and their large clients. Do not to get bloody in the bar room brawl. |
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