zergepro

GBPUSD SHORT Trade Setup 071129

Short
FX:GBPUSD   British Pound / U.S. Dollar
There is a highest possibility to re-test the 1.2730 ~ 1.2780 Resistance Zone level this coming week for this pair, In Accordance to Commitment Of Traders (COT) report. We see that they added additional +5k Long and Only +800 short. In my opinion the GBPUSD will likely to re-test this level to gather more liquidy in order to pull back the price down to 1.19800.

REMARKS: (Neutral) Do not Enter the Trade unless all the rules has been satisfied
I will keep you updated by time to time if there is a new confirmation
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.