fundamentals:
-brexit coming to an end very soon with a small chance of a deal going together
-another wave of covid in the uk
technicals:
-price action keeps stalling the upside
-price resisting this area multiple times
-head n shoulders pattern
reason for this trade to not play out: banks might rise the price to take out sellers if the sell is too easy then bring price back down
-very risky to trade right now, the market seem to be not responding to technicals as clearly and just alot more volatile.
-brexit coming to an end very soon with a small chance of a deal going together
-another wave of covid in the uk
technicals:
-price action keeps stalling the upside
-price resisting this area multiple times
-head n shoulders pattern
reason for this trade to not play out: banks might rise the price to take out sellers if the sell is too easy then bring price back down
-very risky to trade right now, the market seem to be not responding to technicals as clearly and just alot more volatile.
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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.
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.