Forex_Times

๐Ÿ“Œ GBPUSD: Hidden Buying Set To Continue March 1-5

OANDA:GBPUSD   British Pound / U.S. Dollar
๐Ÿ“ A successful test of the loss level (1.3998) will provide an opportunity to open sells.
๐Ÿ“‰ The balance of the week (1.3687) is the target reference point for the decline.
The preponderance of buyers according to CoT reports increased by 19%, and the total market volume by 7%. This dynamics confirms the hidden set of bullish positions and the corrective nature of the decline within the week.
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โ™ป๏ธ GBPUSD: market maker pushes the pound down ๐ŸŒ The main scenario for the European session is a rebound from the day's balance (1.3960) and a subsequent increase to the level of the market maker's loss (1.3996).
๐Ÿ“Œ In case of a successful test of the indicated resistance, we expect a decline to the limit buyer (1.3913).
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โ™ป๏ธ GBPUSD: planned implementation of the downtrend scenario ๐Ÿ“Œ Over the past day, the main scenario was realized - a rebound from the market maker's loss level (1.3996) and a planned decline to option support 1.3913.
Today for the British pound we expect to reach the nearest option support at the price level 1.3847 and a subsequent correctional rise to the limit seller (1.3933).
๐ŸŒ Further support and the final target of the decline for the current trading week is the level of the market maker's highest net profit (1.3686).
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๐Ÿ“Š GBPUSD: the pound as the most technical asset โš ๏ธThe main scenario that we talked about yesterday - a rebound from the balance of the day (1.3934) and an increase at the loss level (1.3998) - has been implemented.
In case of a rebound from the lower border of the day's balance zone (1.3934), we expect an increase to the upper border of the specified price range (1.3990).
๐Ÿ“ Far resistance for today is the loss level of the market maker (1.4010).
In case of breakdown and consolidation below 1.3934, the next support level will be a limit buyer (1.3870).
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๐Ÿ“Œ GBPUSD: The Market Maker's Favorite Asset ๐ŸŒ Over the past 24 hours, the key option levels indicated in the trading idea have been worked out with great skill, namely: the loss of the market maker (1.4010). and intraday option level at 1.3870.
In case of a rebound from the level of limit buyers (1.3840), we expect an increase to the lower boundary of the day's balance (1.3934).
โœ๏ธ If intraday buyers fix below (1.3840), the next downside target is the weekly balance (1.3701).
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