This is an analysis of GBPUSD. The price could not make a higher high, yet it made a lower high than the one on June 10th and broke the upward trend. our target will be selling to the daily resistance.
Big banks and Institutions are putting more shorts on the pound as showing in the COT.
Please note that this not a signal. Instead, it is my own analysis of a forex pair. Think twice before taking a trade.
Risk Disclaimer: Even though local, international stocks, FX, or CFD trading can be profitable, it is, associated with a high risk of losing your investment. The risk will increase when trading on margin carriers. Clients must impose due diligence and be careful when taking their trading decisions. It is the sole responsibility of the client to learn and gain the knowledge and experience required to use the trading platform and whatever would be needed to trade properly.
Big banks and Institutions are putting more shorts on the pound as showing in the COT.
Please note that this not a signal. Instead, it is my own analysis of a forex pair. Think twice before taking a trade.
Risk Disclaimer: Even though local, international stocks, FX, or CFD trading can be profitable, it is, associated with a high risk of losing your investment. The risk will increase when trading on margin carriers. Clients must impose due diligence and be careful when taking their trading decisions. It is the sole responsibility of the client to learn and gain the knowledge and experience required to use the trading platform and whatever would be needed to trade properly.