Trade Idea
Duration: Intraday
Expires: 23/07/2025 06:00
Technical Overview
BoE Governor Bailey’s speech today (22/07 at 10:15 BST) could introduce volatility, potentially triggering the setup or stop.
Key Technical Levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Sell Limit
- Entry: 1.0820
- Target: 1.0725
- Stop Loss: 1.0853
Duration: Intraday
Expires: 23/07/2025 06:00
Technical Overview
- Although price action suggests a short-term bottom, the broader bias remains bearish.
- A corrective bounce is expected to stall at the weekly pivot (1.0820) — a key resistance level.
- With gains likely to be limited, the preferred strategy is to sell into strength with a tight stop just above.
- If momentum turns lower from 1.0820, the path toward the support target of 1.0725 offers attractive potential.
BoE Governor Bailey’s speech today (22/07 at 10:15 BST) could introduce volatility, potentially triggering the setup or stop.
Key Technical Levels
- Resistance: 1.0820 / 1.0905 / 1.1030
- Support: 1.0740 / 1.0610 / 1.0535
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
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.