EURGBP retracking back to the range
it's quite normal for EURGBP to have these spikes, that retraces back.
There is no big reason to think EURGBP will move big, if we look at COT Data, so I assume a reverse to mean strategy here.
There is no big reason to think EURGBP will move big, if we look at COT Data, so I assume a reverse to mean strategy here.
Note
The COT DATA is wrong! It's showing EURUSD COT Data. I don't have confidence then in this setup.
It will probably move a bit lower and retrace back after all the longs are washed out.
I'm thinking to re-enter around 0.841-0.842, with stop loss 0.839
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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.