Possible sell on EURGBP
Not one i like to trade too much, prefer watching for direction on cable and fibre.
Would ideally like to see a sell coming off the 50-62% retracement level
we previously ran into weekly resistance, rejected and then ran out the new highs formed before trapping buyers and selling off heavily. So far looks very bearish . COT sentiment considered we know that the market is heavily short GBP which could see more buying so i would be looking for sterling longs for the foreseeable future
Not one i like to trade too much, prefer watching for direction on cable and fibre.
Would ideally like to see a sell coming off the 50-62% retracement level
we previously ran into weekly resistance, rejected and then ran out the new highs formed before trapping buyers and selling off heavily. So far looks very bearish . COT sentiment considered we know that the market is heavily short GBP which could see more buying so i would be looking for sterling longs for the foreseeable future
