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ICFX
Jul 28, 2022 5:17 PM

Daily downtrend in place Short

British Pound/U.S. DollarFXCM

Description

GBP remain bearish on daily. Downtrend has not been broken. Price is likely to make new lower low or at least, test the last low.
Hence I am looking for shorts from 8 weekly ema and June close (price just tested June close).
As for July 28th, 2022, 61 percent of retailers remain long for now - another indication that price is unlikely to follow them.
For educational purposes only.
Comments
WolfBladeTrading
Yo, I have the same analysis, waiting to see what happens at trendline.... as always, we'll see what happens!
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