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.