Trade Idea
Duration: Intraday
Expires: 08/08/2025 06:00
Technical Overview
Key Technical Levels
Next Volatile Events (GBP)
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Buy Limit
- Entry: 9065
- Target: 9172
- Stop Loss: 9028
Duration: Intraday
Expires: 08/08/2025 06:00
Technical Overview
- Price action appears to be forming a top, but short-term bias remains mildly bullish.
- Lower correction is expected, presenting an opportunity to buy near bespoke support.
- We prefer to fade into the dip with a tight stop, anticipating a resumption of the uptrend.
- Bespoke support: 9065.
Key Technical Levels
- Resistance: 9290 / 9485 / 9770
- Support: 8915 / 8620 / 8390
Next Volatile Events (GBP)
- 12:00 – BoE Interest Rate Decision
- 12:00 – BoE Minutes / MPC Votes / Policy Summary & Report
- 12:30 – BoE's Governor Bailey Speech
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.