Retail trader data shows 69.8% of traders are net-long with the ratio of traders long to short at 2.31 to 1. In fact, traders have remained net-long since Sep 20 when GBPUSD traded near 1.2914; price has moved 2.5% lower since then. The number of traders net-long is 2.4% lower than yesterday and 0.1% lower from last week, while the number of traders net-short is...
Scalping combined with my own Xero indicator. take profit 113.315
The main trend is down so i prefer to trade breakouts in direction of trend but on smaller time frame i also trade counter trend breakouts with small stop loss and take profit target.
I decide for this trade based on my strategy with take profit at 0.7240 and stop loss at 0.71890.