Hi everyone - Looking at simple price delivery, expecting this pair to trade further down, at least below the retail trend line and rallying back into a 4H order block.
Fundamentally supported by the recent data from the commitment of traders report provided by the Chicago Mercantile Exchange showing a net short position within commercial entities.
The UK has also announced a U turn on it's mini budget previously announced, interim GBP strength can be expected.
I'm also sharing a 1 minute markup of the London session to demonstrate multiple short opportunities which were presented to us by the market:
Aman | SMC Wolf FX
Fundamentally supported by the recent data from the commitment of traders report provided by the Chicago Mercantile Exchange showing a net short position within commercial entities.
The UK has also announced a U turn on it's mini budget previously announced, interim GBP strength can be expected.
I'm also sharing a 1 minute markup of the London session to demonstrate multiple short opportunities which were presented to us by the market:
Aman | SMC Wolf FX
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Want to master Forex trading?
📈 1-on-1 SMC Forex Mentorship (currently accepting students)
➡️ smcwolffx.com
📈 1-on-1 SMC Forex Mentorship (currently accepting students)
➡️ smcwolffx.com
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.