Hello as we can see the price is sitting on our support zone. Base on the data i gathered which are the following; 1. COT Report (Updated August 21, 2020) BRITISH POUND STERLING - CHICAGO MERCANTILE EXCHANGE Long orders: 60,567 Short orders: 44,738 CANADIAN DOLLAR - CHICAGO MERCANTILE EXCHANGE Long orders: 21,738 Short orders: 59,365 2. UK...
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates;
waiting for this structure to break the support and wait for pull back around 50 to 38 % before i go short in this pair.
i have found this set up creating high, lower high and higher low, lower lows an indication for me to go short .. and for my entry exit and tp i use Fibonacci levels.
Price breaks thru the trend line and spotted a price rejection when price pulls back on a bullish momentum on Fibonacci by 50%