Sat waiting on this pair - COT data still shows short for both GBP & JPY however last week there was an additional 6k shorts added to the JPY and positive 2k for GBP.
So we could witness a consolidation in this region until it makes up it's mind. We are expecting to see a Bullish move, it's just a question of when & how much more sideways movement does it have.
Sat on the fence - be keen to get your thoughts and opinions.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
So we could witness a consolidation in this region until it makes up it's mind. We are expecting to see a Bullish move, it's just a question of when & how much more sideways movement does it have.
Sat on the fence - be keen to get your thoughts and opinions.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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Master the Art of Trading: amzn.to/3nUfB9r
Prop firm partners (FTMO)
shorturl.at/hBEQ4
