My weekly bias for GBPUSD - bearish
Commitment of traders were big on bearish orders in February
which is the reason for the explosive down move.
Commercial bearish orders are decreasing which tells me a possible
bullish move by institutions is pumping up.
I'd like to see price push down to 1.35000-1.34000 area in my weekly
bullish order block which is also in confluence w/ my fib retracement
zones.
Dollar is getting stronger & breaking highs which means GU,EU,AU should be weakening.
I will be hunting for sell ideas this week.
Commitment of traders were big on bearish orders in February
which is the reason for the explosive down move.
Commercial bearish orders are decreasing which tells me a possible
bullish move by institutions is pumping up.
I'd like to see price push down to 1.35000-1.34000 area in my weekly
bullish order block which is also in confluence w/ my fib retracement
zones.
Dollar is getting stronger & breaking highs which means GU,EU,AU should be weakening.
I will be hunting for sell ideas this week.
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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.
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.