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Hellena_Trade
May 31, 2023 6:43 AM

Hellena | GBP/USD: Movement towards the option contracts! Short

British Pound/U.S. DollarFXCM

Description

Dear colleagues, please note that there are significant volumes of option contracts at the level of 1.22349 (spot quote). Now is the time to wait for the pattern and enter into a short position!

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Comment

Everything is going according to plan! Be careful, we may hit a new high. The main target remains at 1.2234!

Comment

It's likely that the price will reach the target (1.22349) a bit later than I anticipated! However, we are currently observing volume accumulation at the level of 1.2428. This means that a decrease is coming soon!
Comments
sikander.taimoor
What is the name of this data platform you are using?
Hellena_Trade
@sikander.taimoor, These are open data on the cmegroup website)
JoeChampion
I agree on USD strength, thanks!
Hellena_Trade
What do you think of this idea? The price often comes to these levels!
sikander.taimoor
@Hellena_Trade, I am, Dollar Bullish. I think there could be an uncertain sentiment with market participants, that could lead to range-based momentum.
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