On the Cable we have it where the pair completed a Alternate Bat pattern but not before it tested the Patterns Harmonic Optimal Price. The price gapped down and slid ever since. This is the First time in a few days where there was a bullish day and i do believe there will be more. both sides are stepping closer to the Zero Line and we might see a switch in the next few weeks and see the Pound get stronger. the Cable is currently under the commercials control as theyre the majority buyers and driving prices lower, but again we do see both sides taking profit (non-commercials) or delievering on contracts (commercials).
So, with all this being said will all this relief going on we might see the pound rise this week again as correction as both sides figure out if theyre going switch sides or remain the same and drive prices lower.
the COT Net Data is as follows:
Commercials- current== 29, 064 // previous== 34, 112
Non-Coms- Current== (15, 998) // Previous== (24, 048)
So, with all this being said will all this relief going on we might see the pound rise this week again as correction as both sides figure out if theyre going switch sides or remain the same and drive prices lower.
the COT Net Data is as follows:
Commercials- current== 29, 064 // previous== 34, 112
Non-Coms- Current== (15, 998) // Previous== (24, 048)