Price has reacted to the bottom of the trading range, forming a signal bar and a key bar, indicating a potential reversal. If confirmed by a breakout on a lower timeframe, this could present a good long opportunity. However, with the Bank of England Governor’s speech scheduled for today, it’s wise to wait for the event before entering any trades. Always apply proper risk management!
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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.