GBPUSD Analysis 9/1/2019
Price recently entered into a strong support zone, then immediately traded back out with current price at a retest. Commercial traders seem to be at a potential extreme net long and may begin taking more shorts.
I want to see the retest hold and the 50-EMA broken before I think about taking a long position.
I want to see the retest hold and the 50-EMA broken before I think about taking a long position.
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.