The counter has formed an inverted head and shoulder.
It is hovering around the neckline ambush the bears.
The uncertainty around Brexit fate is set to end sooner as the new Prime Minister is set to spearhead the talks with European Union. The market is looking at the positive side of the event.
Hence, the overly poised negativity in the counter is set to ebb, in turn the price to retreat from the lows.
It is hovering around the neckline ambush the bears.
The uncertainty around Brexit fate is set to end sooner as the new Prime Minister is set to spearhead the talks with European Union. The market is looking at the positive side of the event.
Hence, the overly poised negativity in the counter is set to ebb, in turn the price to retreat from the lows.
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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.