How to trade the August BOE interest rate decision

Discussion in 'Technical Analysis' started by ForexLive, Aug 3, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    What are the key levels through the risk event The pair has rallied over the last few days and settles between the 100 and 200 bar MA on the 4-hour chart. To me, that is the market positioning itself for whatever the BOE has to say and what they do. Move below the lower MA and the bias is increasingly more bearish. Move above the higher MA and that bias is more bullish. The point is, those MAs will be key in the trading after the event. Take a look. If you like be sure to hit thumbs up. If you don't like, click thumbs down. Comments are welcomed.

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